The general trend is descendant. The currency pair is trading between 365 and 135 moving averages. The ascendant wave structure of the M30 level is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The pivot 2 of wave C is breached.
Trading idea:
Sell when the …
News of the day, Tuesday, May 17
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Yesterday, gold traded positively and rebounded to the upside, and was able to reach the resistance 1827.20, which constitutes the upper limit of the descending channel shown in the chart. Therefore, the price is considered to have achieved all its short-term targets. Therefore, the bearish trend scenario will continue as …
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