Gold managed to break the main support level 1790.00 and started a lower, bypassing several levels of support before stopping the movement temporarily at the support level 1760.00. This is under negative pressure from the moving averages.
It is likely that we will see some correction to the upside as …
The descendant wave structure of H4 and H1 levels are truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is below the local …
#ROG
The trend is descendant. The share is traded between 365 and 135 EMA. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator indicates overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of …
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