Daily reviews

Gold price trades around 1805.00, waiting to obtain a positive stimulus that contributes to pushing the price to resume positive trades, which mainly targets the 1825.15 level, noting that breaching 1808.00 will facilitate the price’s mission to achieve the mentioned target.

On the other hand, it should be noted that …

#SIE

The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence.

Trade idea:

Buy when the ascendant wave structure forms, where a wave (A) breaches the inclined channel of the descendant truncated structure.

Stop-loss below the local minimum of the descendant truncated structure.

Target …

The general trend is ascendant. The currency pair fluctuates between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence. The inclined channel of the descendant structure is pierced.

Trade idea: 

Buy when the curve breaches through 10.4281 (when the ascendant wave structure forms).

Stop-loss below the mirror level 10.3628. …

News for today, Thursday, February 3

The fall of Meta stocks has led Pinterest and other social media to decrease. The disappointment from Facebook Meta Platforms (FB) quarter report caused a 22% fall. Meta lost 193 billion dollars of its market capitalization. Following such dynamics, Twitter decreased by 8.4%, Pinterest …

Gold price shows new positive trades, but it faces strong resistance formed by the EMA50. Gold is waiting to cross this barrier to facilitate the task of heading towards our next positive station, which is located at 1825.15.

Therefore, our bullish trend expectations will remain valid and effective for the …

The pound sterling against the dollar confirmed breaching the 1.3525 level after ending yesterday’s trading above it, reinforcing the expectations of the continuation of the bullish trend, and the way is open to achieving the next target at 1.3610, whose breach represents the key to confirm restoring the main bullish …

Mirror level 155.45 restrains buyers. The ascendant wave structure is truncated. Currency pair fluctuates between 365 and 135 moving averages. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trade idea:

Sell when the descendant wave structure forms, where a wave (A) breaches through the inclined channel of …

#CI

The general trend is ascendant. Share fluctuates between 365 and 135 moving averages. The descendant truncated wave structure has finished with breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.

Trade idea:

Buy when the ascendant wave structure forms.

Stop-loss below the support …

News for today, Wednesday, February 2

Positive February start for European stock indexes. Stoxx 600 concluded yesterday’s session with a 1,28% increase and is expected to open higher on Wednesday. The European market rises accordingly to other markets. In the US, the major indexes rose for the third day after …

Gold price shows some bearish tendency to test the pivotal support floor 1797.00, and keeps its stability above it until now, accompanied by the stochastic indicator reaching oversold areas, to support the chances of resuming positive trades and heading towards our awaited positive target at 1825.15.

Therefore, we will continue …