Gold Analysis: Potential Jump Ahead?
Gold rebounded from the downtrend. Currently, it is trying to enter the supporting zone formed between levels 1900 and 1913. The asset’s price is likely to test this zone, rebound, and jump to break the downtrend and test the resistance level of 1980.
American stock index S&P500 is now testing the supporting level of 4328. The asset’s price might potentially either rebound or break the support and drop. The index might also break the support and form the double top. Hence, keep an eye on the price movements or candlestick formations next to this important level.
The Canadian dollar rebounded from the supporting level of 1.3387. The price of this asset might have to face resistance at the level of 1.3695, which is located next to the weekly downtrend, and rebound.
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