Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session, to witness its rebound for the second consecutive session from its highest since the beginning of March, amid the bounce of the US dollar index for the second session in a row …
The overall trend is upward. The descending pattern is truncated. The currency pair is trading in the range of 365 and 135 moving averages. Awesome Oscillator shows a bullish divergence. The breakout of 0.9304 will result in the formation of an ascending wave pattern.
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The pair found support at 1.1900 and may grow today due to the correction in the yield of US treasuries, which caused yesterday's drop in the stock markets and the local growth of the US dollar.
Technical side:
The price is located just below the middle Bollinger band, above …
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