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Gold price traded positively last Friday; it breached the 1770.00 level and headed towards testing the 1797.00 level. However, the EMA50 forms negative pressure in front of the price, which can stop the bullish bias. Besides, the stochastic indicator has lost positive momentum and clear overbought signs have emerged.

These …

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The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.

Trading idea:

Buy when an ascending wave pattern is formed, where the wave (A) breaks through the pivot 2 of the wave …

EUR/NZD

The overall trend is downward. The ascending wave pattern is truncated. A bearish divergence has formed on the Awesome Oscillator. The inclined channel of the truncated ascending pattern is broken.

EUR/NZD rate online: monitor the price movement in real time.

Trading idea:

Sell at the breakout of 1.6568

Stop Loss: …

Gold price closed yesterday’s trading below the level of 1770.00, which confirms the continuation of the bearish trend in the intraday and short term. The price targets the level of 1734.00 as the next main station.

The EMA50 continues to press negatively on the price to support the decline expectations, …

The pound sterling against the dollar opens today's trading with a new bearish bias, and moves below the 1.3300 barrier, reinforcing the expectations of the continuation of the bearish trend. It is also supported by the negativity of the stochastic indicator and the moving average 50, with the price waiting …

News for today, December 3rd:

European stock markets are expected to open higher on Friday, fueled by a sharp rally on Wall Street. Investors await further news on the Omicron variant and important U.S. employment data. At 2:20 am ET (07.20 GMT), DAX futures in Germany were up 0.4%, CAC …

USD/JPY

The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on the Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions.

USD/JPY rate online: monitor the price movement in real time.

Trading idea:

Buy when an ascending wave pattern is formed, where the …

Gold price shows calm negative trades, to gradually approach the 1770.00 level. This keeps the bearish trend scenario active in the intraday term, and we expect the price to exceed this level, which will open the way to achieving negative targets extending to 1734.00.

The moving average 50 continues to …

The GBP/USD pair rebounded to the downside after testing the 1.3355 level; now it is supported by the negative pressure formed by the EMA50, waiting for more decline to head towards our expected main target at 1.3160.

In general, we will continue to suggest the bearish trend on the intraday …

News for today, December 2nd:

Asian stocks and major currencies were hesitant on Thursday as markets struggled to determine direction due to a lack of reliable information on the new Omicron strain, leading to mixed futures trading in U.S. and European equities. Meanwhile, European stock markets are expected to open …