The downward truncated wave structure ended with a break of the inclined channel. The Awesome Oscillator indicator has bullish divergence. The internal entry point "on a pullback B" is formed.
Trading idea:
Buy on a breakout of 161.71.
Stop-loss under the support level 161.31.
Target levels: 161.97; 163.50.
The ascending wave structure is truncated. The Awesome Oscillator indicates bearish divergence, and the Stochastic Oscillator indicator signals overbought.
Trading idea:
Sell on the formation of a downward wave structure, where wave (A) breaks the inclined channel of the upward truncated structure.
Stop-loss at the local maximum of the ascending …
Gold tested the resistance level 1779.40, as trading settled below it.
Stochastic is giving a positive signal that may push the price to test the level of the 20 and 50 moving averages.
In general, we will continue to suggest the bearish path as long as the price continues to …
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