The ascending pattern is truncated. The 0.7340 resistance level is holding back buyers. A bearish divergence is forming on Awesome Oscillator.
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Trading recommendations:
Sell when a descending wave pattern is formed, where the wave (A) breaks through the inclined …
The overall trend is upward. The price pivot zone of 268.50 holds back sellers. A breakout of through the resistance level of 279.00 will result in the formation of an ascending pattern of 1-2-3. Stochastic Oscillator signals an oversold condition.
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Futures contracts for gold prices fluctuated in a narrow range that tends to rise during the Asian session, to witness its rebound to the fifth session in seven sessions from its lowest since July 22, overlooking the positive stability of the US dollar index according to the inverse relationship between …
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