Gold price faced strong negative pressure in the past sessions: it completed forming a minor double top pattern and was approaching the 1834.00 level. The price shows recovery attempts now, but it is still below the broken neckline of the mentioned negative pattern, which makes us prefer to stay aside …
The pair tested the 1.3470 level and bounced down from there, which keeps the bearish trend scenario active for the upcoming period. It will be organized within the descending channel that appears on the chart, and the price will visit 1.3355 as the next main target.
The moving average 50 …
The overall trend is downward (time frame H4). The ascending wave pattern of the H1 level is truncated. A bearish divergence has formed on the Awesome Oscillator, while Stochastic Oscillator signals overbought conditions. The inclined channel of the truncated ascending pattern is broken.
GBP/AUD rate online: the price …
Don't have your language?
