The general trend is descendant. The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the pivot 2 of the wave С (1.7574).
Stop-loss is …
News of the day, Wednesday, April 13
Inflation in the U.K. edged to an annual rate of 7% in March. Consumer prices increased by 1.1% month-on-month, exceeding the expected rate by 0.7%. The 7% annual rise is the biggest increase in the consumer price index since March 1992. The U.K. …
Gold managed to breach the resistance 1953.80 and settle above it and reached the target 1966.00, thus opening the way for an ascending path towards the target 1996.00.
The moving averages form a support level and press the price to try to rise, as it is moving below the price …
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