Gold price shows calm positive trades and is expected to test the EMA50, accompanied by the stochastic loss of positive momentum and the emergence of overbought signs. It will motivate the price to resume the expected bearish trend in the intraday term. The pattern targets testing 1770.00, and breaking this …
The GBP/USD pair shows slight positive trades to test the resistance line that appears on the chart above. The price maintains stability below the resistance level, forming the first protection factor for the bearish trend within the main descending channel, waiting for the rebound downwards to head to our main …
On the daily timeframe, the bulls are testing the upper border of the descending price channel. A bearish divergence is forming on the Awesome Oscillator.
On the H1 timeframe, we see that the ascending wave patterns are truncated. The Awesome Oscillator shows bearish divergence, while the Stochastic Oscillator signals …
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