#OR
The general trend is ascendant. The descendant wave structure has finished piercing the inclined channel. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy when the 376.00 level is breached.
Stop-loss — 362.00.
Target levels: 400.00; 431.00.
News for today, Wednesday, January 26
Asian stocks are getting quiet waiting for the new Fed’s decision about tightening monetary policy and soon interest rates hikes. Japan’s Nikkei 225 slipped 0.37%, and MSCI’s broadest index of Asia-Pacific outside Japan decreased by 0.1%.
Gold price is floating at the two-months highs …
Gold price resumed its positive trading noticeably yesterday, reinforcing the expectations of the continuation of the bullish trend’s dominance, which is organized within the bullish channel that appears on the image, and gets continuous positive support from the EMA50, waiting to test the level of 1860.00, whose breach represents the …
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