The US dollar fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the second session from its high since the sixth of April against the Japanese yen, following the developments and economic data that were followed on Monday by the Japanese …
Futures contracts for gold prices fluctuated in a narrow range that tends to rise during the Asian session, to witness its highest since the eighth of January, amid the rebound of the US dollar index for the second session from its highest since May 14, according to the inverse relationship …
#DVA
The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed.
Stop loss under the local minimum of the descending pattern.
Target levels: 124.50; …
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