The general trend is descendant. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastiс Oscillator signals overbought conditions.
Trading idea: sell when the descendant structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is over …
Gold continues to rebound to the upside and is approaching the upper limit of the sideways movement within which it has been moving for four weeks and is approaching the main resistance 1953.80.
The moving averages form a support level and pressure the price to try to rise, as it …
The British pound against the dollar continues its bearish movement after it managed to breach the support level 1.3060, and reached the next target 1.3000, where trading settled near it. Therefore, the opportunity exists for the continuation of the descending path towards the next support 1.2950, as the price's success …
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