The descending wave pattern is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold conditions.
Trade idea:
Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel of the descending truncated pattern.
Stop-loss …
Gold price found it difficult to surpass the 2000.00 barrier, to trade negatively and provide signs of starting a bearish correction on the intraday basis, to suggest the bearish bias in the upcoming sessions, which targets testing the 195.00 level initially.
We point out that the expected decline is temporary, …
The British pound against the dollar confirmed breaking the 1.3172 level after closing the daily candle below it, to confirm the extension of the bearish wave on the intraday and short term, regular within the bearish channel that appears on the chart, waiting to visit the 1.3080 level as a …
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