The recent gold price trades are confined within a bullish triangular flag pattern whose features appear in the above chart, and therefore, the price needs to breach the 1868.50 level to activate the positive effect of this pattern and then rush towards our positive targets that start at 1900.00 and …
#MT
The overall trend is upward. The descending wave pattern is truncated. The support level of 26.47 holds back the sellers. A bullish divergence has formed on the Awesome Oscillator. The inclined channel of the truncated descending pattern is breached.
Trading idea:
Buy at the break of 27.63.
Stop Loss: …
The resistance level of 20.890 held back the buyers. The currency pair trades within an upward price channel formed on the TF H1. A bearish divergence has formed on the Awesome Oscillator. An entry point for sale is formed on the rollback B.
USDMXN rate online: the price …
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