The overall trend is upward. The currency pair is trading in the range of 365 and 135 moving averages. The descending wave pattern of the H1 level is truncated. A bullish divergence has formed on Awesome Oscillator.
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Trading idea: …
Gold price provided temporary negative trades yesterday, and we notice that the price starts attempts to recover now, motivated by the positive crossover signal provided by the stochastic indicator, waiting to breach the 1825.15 level to open the way to head towards 1860.00, which represents our next main target.
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Tuesday, August 31st, today’s news —soften rhetoric of Fed’s head Jerome Powell eased the fears about the imminent reduction of monetary stimulus, which resulted in historical heights for SP&500 and Nasdaq US stock indexes. The price of Brent oil is $71,95 per barrel, WTI — $68,69. EUR/USD is at 1,1828, …
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