Gold price started today’s trading with a bullish gap to trade at 1927.00, but resumed negative trading to settle below 1916.25 level, to keep the bearish trend scenario active for the upcoming period, which targets the 1860.00 level mainly.
We point out that breaking 1895.00 level will facilitate the price's …
The GBP/USD pair traded negatively at the opening of the day, moving below 1.3390, to reactivate the negative scenario whose targets begin by testing the 1.3310 level, noting that breaking this level will open the way for a rally towards 1.3175 areas.
Therefore, the bearish bias will be likely for …
#ORA
The general trend is descendant. The resistance level of 11.112 restrains buyers, Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. Breaching of 10.600 will cause the descendant wave structure to form.
Trade idea:
Sell when 10.600 is breached.
Stop-loss: 11.112.
Target levels: 10.20; 9.70.
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