Gold price shows additional positive trades to reach the awaited target 1916.25, and we are likely to surpass this level to achieve new gains that extend to 1960.00, supported by the EMA50 that continues to carry the price from below.
From here, the bullish trend scenario will remain valid and …
The pound sterling against the dollar presented negative trading yesterday, to remain stable below 1.3610, and starts today with more declines to support the continuation of the expected bearish trend scenario for the upcoming period, which its next target is at 1.3525.
The price needs to surpass the minor support …
The general trend is ascendant. The descendant wave structure of the H1 level is truncated. Awesome oscillator indicates bullish divergence, and stochastic oscillator signals oversold conditions.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant …
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