Gold has started a remarkable downside correction and stands on the key 23.6% retracement area after a failure to hold the 38.2% retracement area.
NZD/JPY rising inside minor correction (ii)
- NZD/JPY rising inside minor correction (ii)
- Next buy target - 77.00
NZD/JPY continues to rise inside the minor corrective wave (ii) which started earlier from the support area lying between the support levels 74.70 (low of the previous minor impulse wave (i) from May, as can be seen below), 74.00 and the lower daily Bollinger Band. NZD/JPY is expected to rise further toward the next buy target at the next resistance level 77.00
Gold is steadily plummeting for the third consecutive day. Where is the bottom? Let’s find out.
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