Gold settled around the support 1810.90 after rebounding from the resistance level. It showed weak trading yesterday. In general, we will continue to suggest the bearish path as long as the price continues to move below the level of 1850.00 in the medium term. The target will be the 1780.00 …
The EUR/USD pair rebounded from the resistance level 1.0575, and reached the first target 1.0475, which constitutes a strong support level for the price.
Technical indicators support the bullish scenario, where the 20-50 moving averages form a strong support for the price and press it to end the bearish movement. …
The ascendant wave structure is truncated. The inclined channel of the ascendant truncated structure is breached. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when level 0.8472 is breached.
Stop-loss is over the local maximum of the ascendant truncated structure.
Target levels: 0.8435; 0.8400.
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