The overall trend is upward. A bullish divergence formed on Awesome Oscillator, and Stochastic Oscillator signals oversoldness. A reversal pattern Hammer formed on the H1 timeframe.
Trading recommendations:
Buy Above 45.27.
Stop Loss – 44.37.
Target levels - 47.15; 48.60.
If the local minimum is updated, cancel the trading plan.
Gold has corrected upwards as there’s still no definitive US-China trade deal. If the US inflation and GDP data published today confirm the predictions, gold may remain under pressure.
The price is below the middle Bollinger band, below SMA 5, but above SMA 14. RSI is located below the level …
Gold futures fluctuated in a narrow range, tilted lower during the Asian session to witness the lowest since November 12, when it tested the lowest since August 2, ignoring the rebound of the US dollar index for the second session of its highest since 14 of this month According to …
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