The general trend is ascendant. The descendant wave structures are truncated — the reverse wave model is forming. 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 …
News of the day, Thursday, 5 May
The Federal Reserve raised the interest rate by 0,5% yesterday. This hike was the biggest since 2000, as inflation has been soaring for a while now. Jerome Powell also mentioned that further inflation measures might cause “some pain”.
"In support of these goals, …
Gold prices bounced up and reached the main resistance 1900.00 after touching the 1850.00 support level during the past two days. The price breached several resistance levels during the bullish rebound movement, the most important of which is the level of 1890.00. As the price stability above this level may …
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