The overall trend is upward. After breaking through the support level of 47.00, the price returned back above the level (there was probably a false breakout of the level). A breakout of 48.14 will result in the formation of an ascending 1-2-3 pattern. Awesome Oscillator shows a bullish divergence, …
The pair is in a downward turn amid the “constitutional crisis” in America, and the resulting strong demand for the dollar as a safe haven currency. The pound sterling is negatively affected by the weak GDP, and the industrial production data published this morning.
Technical side:
The price is …
Gold futures fluctuated in a narrow range that tends to rise, to witness its rebound to the second session in four sessions from its lowest since July 22, overlooking the bounce of the US dollar index for the third session in four sessions from its lowest since the beginning of …
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