The gold price was able to close yesterday’s trading below the level of 1953.80, thus increasing the negative pressure on it and starting a bearish path towards the target 1926.70.
Therefore, the bearish movement will be likely for today, supported by the moving averages, especially the moving average 50, …
The pound sterling against the dollar formed an upward rebound movement and approached the 1.3050 resistance after trading settled above the 1.3000 support level during the past two days.
The continuation of the movement below the level of 1.3060 maintains the opportunity for the continuation of the descending path towards …
The historical level 19.72 restrained sellers forming a multi-candle “triple bottom” figure. The descendant structures are truncated. The inclined channel of the descendant structure is breached. Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when the 20.080 level is breached.
Stop-loss: 19.720.
Target levels: 20.420; 20.800.
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