Gold price traded with strong negativity yesterday, to touch our awaited target at 1797.00, and attempts to break it, to provide indications of heading to achieve more negative targets during the upcoming period, waiting to head towards 1770.00 in the near term.
Therefore, we suggest the continuation of the negative …
The currency pair fluctuates between 365 and 135 downbound moving averages. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trade idea:
Sell when the descendant wave structure forms, where a wave (A) breaches through the inclined channel of the ascendant truncated …
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The general trend is ascendant. The descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence, and the moving levels of Stochastic Oscillator left the oversold area.
Trade idea:
Buy when the ascendant wave structure forms where a wave (A) breaks through the inclined channel of the ascendant truncated …
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