Daily reviews

Gold is trading around the resistance level 1810.90 since yesterday, as the price tried to breach this level, but failed to do so, to move within a sideways range around the resistance level and try to breach it, affected by the positivity of the stochastic indicator and also the fact …

#NESN

The general trend is descendant. The share is traded between 365 and 135 EMA. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel …

News of the day, Monday, July 4

European stock futures are mixed today, while the Wall Street holiday limits economic activity. DAX futures traded 0.3% lower, CAC 40 futures were up 0.6%, and FTSE 100 futures fell 0.3%.

The U.S. dollar slid today despite limited volatility. The Dollar index dropped …

Gold reached the main support level 1790.00 with the closing of last week's trading, and the movement extended to the support level 1785.00 before rebounding up to the resistance level 1810.90 at the time of writing this report. Affected by the positive movement of the stochastic indicator.

The 20 EMA …

The GBP/USD pair achieved its bearish target. They reached the support level 1.1985 before rebounding upwards to correct the bearish path affected by the positivity of the stochastic indicator. When the price reached the level of the moving average 20, which constitutes the first resistance level, the rebound movement stopped …

The EUR/USD pair approached the main target and reached the value of 1.0360 during last week's trading, before returning to the upside in an attempt to correct the descending path to the 1.0425 resistance, affected by the positivity of the stochastic indicator.

The moving averages form the first resistance levels …

#MCD

Bulls are testing the resistance 254.10. The ascendant wave structure is truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trading idea:

Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.

Stop-loss is over …

The general trend is ascendant. The descendant truncated structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence.

Trading idea:

Buy when level 105.043 is breached.

Stop-loss: 104.155.

Target levels: 105.654; 106.371.

News of the day, Friday, July 1

European stock futures are lower today as investors are worried about the global economic outlook. The DAX futures are 0.9% lower, the CAC 40 futures dropped 0.7%, and the FTSE 100 futures fell 0.5%.

The U.S. dollar is higher today near the highs …

Gold continues its bearish movement, as it managed to break the support level at 1800.00, approaching the main target at the value of 1790.00 and thus continues. We have the bearish scenario, which is likely to extend to the level of 1783.00 in the medium term.

The price is affected …