The general trend is ascendant. There is a flat formed on the timeframe H4. The support level of 89.800 restrains sellers. A decline towards the support level of 89.800 will cause a decrease of Stochastic Oscillator moving levels in an oversold span.
Trade idea:
Sell from the …
#FB
The general trend is descendant, while Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. These signs point to the ascendant correction.
Trade idea:
Sell when the double top multi-candle figure forms from the resistance level of 212.80.
Stop-loss — 217.20.
Target levels: 202.00; 193.88.
Gold analysis
Gold price opened today’s trading with a strong rise to touch our extended target at the psychological barrier of $2000.00 per ounce, and it crossed the resistance of the ascending channel to provide signs of achieving more expected gains in the upcoming sessions, targeting areas of 2050.00 as …
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