The Australian dollar fluctuated in a narrow range tilted towards the decline during the Asian session to witness the lowest since October 2, when it tested the lowest since mid-March 2009 against the US dollar on the threshold of the decisions and directions of the Reserve Bank of Australia and …
Gold is trading in the range of the lower border of the descending price channel. The inclined channel of the downward correction pattern is broken. An uptrend is formed within the overall uptrend. Also, Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy on the formation of an ascending pattern, above 1580.0. …
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