The overall trend is upward. The descending wave pattern is truncated (wave C didn’t break through 123.6% on Fibo). Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time.
Trading Idea:
Buy when an ascending wave pattern …
Wednesday, April 14th, today’s news—European markets rise on positive earnings, economic data, and vaccine optimism, tech and luxury stocks in the lead. Treasury yields are up following a higher-than-expected consumer inflation data, dollar is trading near a one-month low. The price of Brent oil is $64.73, WTI—$61.20, EUR/USD is at 1.1953, …
Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness its retracement of the third session in five sessions from its highest since February 26, overlooking the bounce of the US dollar index for the eighth session in eleven sessions …
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