Futures contracts for gold prices fluctuated in a narrow range sloping to an upward trend during the Asian session, to witness its retracement of the second session from its lowest since June 5, 2020, when it tested its lowest since April 21, 2020, amid the bounce of the US dollar …
Amazon started the downside movement after it managed to breach the support level at 3105.00, ending the sideways movement by breaching the aforementioned support level. Therefore, we are now facing a downside wave in the price that may extend to 2800.00 levels.
We notice on the chart that the price …
The overall trend is upward. The round minor level of 0.7620 held back the sellers. The "Double Bottom" pattern is probably forming. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
monitor the price movement in real time.
Trading idea:
Buy …
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