Gold: ⬆️ Buy
- Â Gold broke resistance level 2962.00
- Â Likely to rise to resistance level 3000.00
Gold rose sharply after breaking above the resistance level 2962.00 (top of the previous sharp upward impulse wave 3 from the end of February).
The breakout of the resistance level 2962.00 continues the active impulse wave 5 of the extended upward impulse sequence (3) from November.
Given the clear daily uptrend, Gold can be expected to rise to the next round resistance level 3000.00 – the breakout of which can lead to further gains toward 3050.00.
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