FxProGlobal

- Gold broke resistance zone - Likely to rise to resistance level 3500.00 Gold recently broke the resistance zone between the resistance level 3450.00 (which has been reversing the price from May, as can be seen from the daily Gold chart below) and the resistance trendline of the daily Triangle from April. The breakout of the resistance level 3450.00 continues the active short-term impulse wave 3 of the intermediate impulse wave (5) from May. Given the strong daily uptrend, Gold can be expected to rise to the next resistance level 3500.00 - the breakout of which can lead to further gains toward 3550.00, target price for the completion of the active impulse wave 3.

- NEO reversed from the resistance zone - Likely to fall to support level 6.00 NEO cryptocurrency recently reversed from the resistance zone between the round resistance level 8.00 (which has been reversing the price from May) and the upper daily Bollinger Band. The downward reversal from this resistance zone created the daily candlesticks reversal pattern Bearish Engulfing which stopped the earlier extended wave (2) from April. Given the clear daily downtrend, NEO cryptocurrency can be expected to fall to the next support level 6.00 (which stopped the previous waves iv and b).

- Gold reversed from the key support level 3315.00 - Likely to rise to resistance level 3450.00 Gold recently reversed up from the key support level 3315.00, intersecting with the support trendline of the daily Triangle from April. The upward reversal from the support level 3315.continues the active short-term impulse wave iii of the higher order impulse waves 3 and (5), from May. Given the clear daily uptrend, Gold can be expected to rise to the next resistance level of 3450.00 (the former monthly high from July).

- GOOGL broke key resistance level 205.00 - Likely to rise to resistance level 215.00 GOOGL recently broke the key resistance level 205.00 (which stopped the sharp daily uptrend in February and also stopped wave i last month). The breakout of the resistance level 205.00 accelerated the active short-term impulse wave 3 from the end of June. Given the strong daily uptrend, GOOGL can be expected to rise to the next resistance level 215.00 (target price for the completion of the active impulse wave 3).

- NVDA reversed from the support area - Likely to rise to resistance level 183.45 NVDA recently reversed with the daily Hammer from the support area between the pivotal support level 170.00, lower daily Bollinger Band and the support trendline of the daily Up Channel from May. This support area was strengthened by the 50% Fibonacci correction of the previous sharp upward impulse from the start of July. Given the strong daily uptrend, NVDA can be expected rise to the next resistance level 183.45 (which stopped the earlier impulse wave i).

- Ethereum broke above the resistance level 4750.00 - Likely to rise to resistance level 5000.00 Ethereum cryptocurrency recently reversed up from the support area between the support level 4115.00 (former multi-month high from December), upper trendline of the recently broken up channel from June and the 50% Fibonacci correction of the upward impulse from the start of August. The upward reversal from this support area accelerated the active impulse wave 3 of the higher order impulse wave (3) from June. Having just broke above the resistance level 4750.00, Ethereum cryptocurrency can be expected to rise to the next round resistance level 5000.00 (target for the completion of the active impulse wave 3).

- Solana reversed from the support area - Likely to rise to resistance level 210.00 Solana cryptocurrency recently reversed up from the support area between the key support level 173.50 (which stopped the earlier downward correction) and the 61.8% Fibonacci correction of the upward impulse 1 from the start of August. The upward reversal from this support area stopped the previous short-term correction ii. Given the strongly bullish sentiment seen across the cryptocurrency markets today, Solana can be expected to rise to the next resistance level 210.00 (which stopped earlier impulse waves 1 and i).

- Chainlink reversed from the resistance area - Likely to fall to support level 23.30 Chainlink cryptocurrency recently reversed down from the resistance area between the multi-month resistance level 26.00 (which has been reversing the price from end of 2024) and the upper daily Bollinger Band. The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Bearish Engulfing. Given the strength of the resistance level 26.00 and the overbought daily Stochastic, Chainlink cryptocurrency can be expected to fall to the next support level 23.30.

- ZCASH broke daily Falling Wedge - Likely to rise to resistance level 43.15 ZCASH cryptocurrency recently reversed from the support area between the support level 34.30 (which has been reversing the price from May) and the lower daily Bollinger Band. The upward reversal from the support level 34.30 created the daily morning Star which was followed by the upward impulse which broke the daily Falling Wedge from May. ZCASH cryptocurrency can be expected to rise to the next resistance level 43.15, top of the previous correction iv.

- Bitcoin reversed from support zone - Likely to rise to resistance level 116754.00 Bitcoin cryptocurrency recently reversed from the support area between the pivotal support level 111950.00 (former monthly high from May, which stopped earlier wave 2) and the lower daily Bollinger Band. This support zone was further strengthened by the 50% Fibonacci correction of the previous upward impulse from June. Given the clear daily uptrend, Bitcoin cryptocurrency can be expected to rise to the next resistance level 116754.00.