The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss: 10.3561. …
Gold continues to move sideways around the 1926.70 support level, after it previously approached the 1953.86 resistance. We keep the movement neutral until the price breaches the previous two levels. Noting that the price's breach of the resistance level 1953.80 will motivate buyers to increase the volume of purchases and …
The GBP/USD pair failed to breach the 1.3180 resistance after testing it several times previously, and it remains within a sideways path between the resistance 1.3180 and the support 1.3080.
The current price movement is between the moving averages 20-7 from above and the moving average 50 from below, which …
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