Gold price managed to touch our awaited target at 1900.00 and finds strong resistance there, to show some bearish bias now, affected by the negativity of the stochastic indicator, while the EMA50 continues to provide support to the price from below, waiting to resume positive trades to visit 1916.25 level …
#MKS
The general trend is ascendant. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The share fluctuates between 365 and 135 moving averages.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant structure.
Stop-loss is …
The descendant wave structure is still truncated. The inclined channel of the descendant structure is breached. 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 …
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