Gold Is Reversing: Potential Jump Ahead?
Good day,
The price of gold has closed with a doji last Friday, facing a very strong support at the level of 1767.00. Hence, there is a potential that gold might head up next week.
The British pound is slowly heading up, but it might face resistance next to the broken uptrend. The asset’s price might drop away from this trend.
The Canadian dollar approached the level of 1.2580 away from which it might jump soon. It seems like the currency pair is now flat.
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Disclaimer: The material provided is for information purposes only and should not be considered as investment advice. The views, information, or opinions expressed in the text belong solely to the author, and not to the author’s employer, organization, committee or other group or individual or company.
Past performance is not indicative of future results.
High Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% and 75% of retail investor accounts lose money when trading CFDs with Tickmill UK Ltd and Tickmill Europe Ltd respectively. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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