Gold price is crawling to the upside, moving away from the 1,797.00 level. This reinforces the expectations of continuing the bullish trend, waiting to test the 1,825.15 level as a next positive target.
The EMA50 supports the expected positive scenario. Note that the breaching of the target level will extend …
News of the day, Monday, December 27th:
China said on Monday that companies in Beijing's sub-sector of foreign investment should seek government approval for overseas listing. The National Development & Reform Commission (NDRC) also said that foreign exchange should not be involved in the operation and management of these companies. …
The overall trend is descending. The ascending truncated 5 sub-wave pattern has completed. There is a bearish divergence on the Awesome Oscillator, and the moving averages of the Stochastic Oscillator have left the zone of the overbought conditions. The breach of the 0.6803 level will form the descending wave pattern. …
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