The currency pair fluctuates between 365 and 135 ascendant moving averages. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. The support of 1.5833 continues to restrain sellers.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined …
News of the day, Tuesday, February 15
Gold has reached its 8 months top as the investors are in search of a safe haven while Russia-Ukraine tension rise. Despite all the diplomatic efforts to ease the Ukrainian conflict, gold price rises as such an asset ensure investors from economic risks. …
Gold price surged strongly to breach the 1860.00 level and settle above it, to activate the positive scenario and head towards achieving more expected gains during the upcoming period, on its way to test the 1900.00 barrier as a next major station.
The moving average 50 supports the suggested ascending …
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