The gold price achieved a clear breach of the 1,797.00 level and ended yesterday’s trading above it. It stopped the negative scenario and lead the price to achieve more expected gains during the upcoming period. The price is on its way to visit the 1,825.15 level as a next positive …
News for today, Thursday, December 16:
The Federal Reserve’s move to tackle inflation is expected to make European markets open higher on Thursday. The U.S. central bank announced this Wednesday that it will double the pace of its asset tapering program. This means that the U.S. economy is considered strong …
#CHINAMOB
The descending wave patterns are truncated. The support level of 45.86 holds the investors back. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascending wave pattern is formed, where the wave (A) breaches the inclined channel …
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