The support level of 1.7320 holds back sellers. An H4 level downward truncated pattern has formed, while within its wave (C) a turncated H1 level pattern has formed. A bullish divergence has formed on Awesome Oscillator H1 and H4. Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Buy while an ascending …
Gold spot is still trading in the range of 1477.00-1514.50 due the uncertainty around the outcome of the US-China trade war. From a technical point of view, if it does not grow after the US employment data is released, a local reversal of the price will be expected.
The price …
The dollar fluctuated in a narrow range, tilted to the downside to witness a rebound for the third consecutive session from the highest since early August, when it tested the highest since late May to promise the first weekly losses in four weeks against the Japanese yen following the developments …
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