The general trend is descendant. The currency pair is traded between 365 and 135 moving averages. The ascendant wave structure of the H2 level is truncated at the moment. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where …
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Gold continues its declining path after reaching the support 1800.00 with the closing of last week's trading. It tried to rebound upwards at the beginning of today's trading, but it stopped at the resistance 1810.90. Therefore, the bearish trend scenario will continue as long as trades remain below the 1850.00 …
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