Tuesday, May 4th, today’s news—European markets are mixed as India COVID-19 surge raises concerns, while economic recovery prospects support optimism, mining and travel stocks lead. Oil prices rise, dollar is up amid a surprise slowdown in manufacturing growth, gold is down. The price of Brent oil is $68.25, WTI—$65.15, EUR/USD is at …
The price of gold remains in the range of 1762.00–1797.00. Generally, positive market sentiment and the absence of a strong increase in Treasury yields will support local demand for gold.
Technical side:
The price is above the middle Bollinger band, below SMA 5, but above SMA 14. …
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The overall trend is upward. The stock is trading in the range of 365 and 135 moving averages. A start fractal has formed above the 135 EMA. A breakout of the start fractal will result in the formation of an ascending pattern of 1-2-3. Awesome Oscillator shows a bullish …
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