Gold price kept its stability below 1797.00 level, and now faces a strong support line that hinders the price’s downward path. Therefore, it needs to break the 1783.0 level to open the way to our first awaited negative target at 1770.00.
In general, we continue to suggest the bearish trend …
The GBP/USD pair traded lower after the repeated test of 1.3355, which keeps our bearish trend expectations valid for the upcoming period. They are also supported by the negative pressure formed by the EMA50: it means that trading within the descending channel shown in the image is likely, with the …
The overall trend is downward. The ascending wave pattern of the H4 level is truncated. A bearish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals overbought conditions.
EUR/GBP rate online: the price movement in real time.
Trading idea:
Sell when a descending wave pattern …
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