The trend is up. Gold trades between 365 and 135 EMAs. The descending truncated wave structure ended with the breach of the descending channel. There is a bullish divergence on the Awesome Oscillator. The break of the 2523.50 level will start the formation of the rising wave structure.
Trade idea: …
The trend is up. The stock is trading between 365 and 135 moving averages. The downward truncated wave structure ended with the breach of the descending channel. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator also signals a bullish divergence.
Trading idea:
The trend is upward. Gold trades in a range between 365 and 135. The downward truncated wave structure ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition.
Trade idea:
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