27.08.2020
GOLD
The overall trend is upward. The descending truncated pattern ended with the breakout of an inclined channel (presumably a wave B H4). Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator indicates an oversold condition. A breakout of 1955.0 will result in the formation of an ascending wave H2 level pattern within the ascending H4 level wave (C).
GOLD rate online: monitor the price movement in real time.
Trading recommendations:
Buy above 1955.0.
Stop Loss: 1902.0.
Target levels: 2009.0; 2068.0.
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