Futures contracts for gold prices fluctuated in a narrow range that is tilted to rise during the Asian session, to witness its rebound to the fourth session from its lowest since the fifth of June 2020, when it tested the lowest since April 21, 2020, amid the bounce of the …
The pair is trading above 1.1930 amid a decrease in support for the dollar from US treasuries, the yield of which was under pressure due to the US consumer inflation data publication, which turned out to be more moderate than expected.
Technical side:
The price is located above the …
#CL
The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of the descending pattern.
Stop loss under the …
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