Gold Wave Analysis – 13 April, 2022

gold-wave-analysis-–-13-april,-2022

• Gold broke resistance level 1960.00

• Likely to rise to resistance level 2000.00

Gold recently broke the resistance level 1960.00 (which stopped the previous corrective wave A at the end of March).

The breakout of the resistance level 1960.00 coincided with the breakout of the 38.2% Fibonacci correction of the previous downward wave (A).

Gold can be expected to rise toward the next round resistance level 2000.00 (target for the completion of the active wave C).

Source: Fxpro

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