Gold is trading above 1729.00 amid a weaker US dollar, pending the US employment data publication from ADP, as well as the values of other important economic statistics that will be released today.
Technical side:
The price is located below the middle Bollinger indicator, at the level of …
The overall trend is upward. The currency pair is trading in the range of the lower limit of the ascending price channel. The candle figure Long-legged Doji has closed yesterday’s trading day. The descending pattern of the H8 level is truncated.
monitor the price movement in …
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The overall trend is upward. The descending pattern is truncated. Awesome Oscillator shows a bullish divergence, while Stochastic Oscillator signals oversold conditions. Breaking through the price pivot zone of 220.38 will result in the formation of an ascending wave pattern, where wave (A) broke through pivot 2 of the …
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