Analysis based on round-number levels, price channels and modified Elliot Waves
Resistance level of 107.88 deters buyers. Stochastic Oscillator indicates an overbought condition. The ascending movement is likely a wave (B H12) of a descending pattern.
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Trading recommendations:
Sell …
Gold price futures fluctuated in a narrow range that tilted to the back during the Asian session to witness its rebound from its highest since June 24, when it tested its highest since October 9, 2012, condoning the decline in the dollar index according to the inverse relationship between them …
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