S&P 500 Eyes Key Resistance Level at 3,500 With Upward Momentum

The S&P 500 index cleared higher highs after forming a bullish “AB=CD” pattern. An immediate resistance can be found at 3,500 – the 100% Fibonacci extension.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/30UuCJG
via IFTTT

Gold Price Forecast: XAU/USD Recovery Faces First Test

Gold prices surged 4.2% off the September lows with the rally now approaching downtrend resistance. Here are technical levels that matter on the XAU/USD weekly chart.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/3jM6bpe
via IFTTT

Gold Price Forecast: XAU/USD Recovery Faces First Test

Gold prices surged 4.2% off the September lows with the rally now approaching downtrend resistance. Here are technical levels that matter on the XAU/USD weekly chart.

from DailyFX – pages/rss.rss-list.technical-analysis https://bit.ly/3jM6bpe
via IFTTT