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Gold analysis for 08.11

Gold price continues to rally bullishly, to approach the expected positive target at 1825.15. It might also surpass this level to open the way for additional gains that reach 1860.00.

The moving average of 50 supports the price from below, therefore, a bullish trend is likely for the upcoming period, …

Currency pair analysis: GBP/USD

The GBP/USD pair rebounded temporarily after approaching our awaited target at 1.3415, and we notice that the stochastic indicator begins to cross to negative signs now. We expect that to contribute to pushing the price down to resume the descending wave, noting that breaking the mentioned level will push the …

Trading idea: Glencore PLC (LSE)

#GLEN

The overall trend is upward. The share trades in the range of 365 and 135 moving averages. The descending wave patterns are truncated. The Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator signals oversold conditions

Trading idea:

Buy when an ascending wave pattern is formed, where the …

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