The support level of 1.4542 held back sellers. A bullish divergence has formed on Awesome Oscillator indicator, and the Stochastic Oscillator indicator signals oversoldness. Breaking through the round important level 1.4600 will result in the formation of an upward pattern 123.
Trading recommendations:
Buy above 1.4600.
Stop Loss below the …
The lower boundary of the upward price channel held back sellers. The correction pattern broke through an inclined channel. The ascending pattern (123) has formed. Stochastic Oscillator signals oversoldness.
Trading recommendations:
Buy while the 123 pattern is forming above 192.28.
Stop Loss – 189.40.
Target levels - 197.25; 205.00.
Gold remains under pressure due the falling demand for defensive assets, earing the low of October 1st of this year. This trend will continue in the short term. This trend will continue in the short term.
The price is below the middle Bollinger band, above SMA 5, but below SMA …
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