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, …
#DAL
The main descending wave pattern ended with the breakout of the price pivot of wave 2 (C), the internal truncated pattern ended in all three signs. There is a bullish divergence on Awesome Oscillator. A breakout of 41.77 will result in the formation of an ascending wave pattern.
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