The ascending wave pattern ended with the breakout of the inclined channel. The Stochastic Oscillator signals overbought conditions. Breaking through the support level of 1.7387 will form a descending wave pattern within the wave (C) of the descending pattern of the H4 level.
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Gold futures contracts fluctuated in a narrow range tilted to the downside during the Asian session, to witness its rebound from its highest since August 6, amid the rebound of the US dollar index for the second session from its lowest since the same day, according to the inverse relationship …
Monday, August 16th, today's news — the continued increase in the incidence of COVID-19 in the Asia-Pacific region with insufficient rapid vaccination is putting pressure on the market. For the same reason, Brent oil quotes are declining. The price of Brent oil is $69.70 per barrel, WTI — $67.27. EUR/USD …
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