Gold tested the resistance level 1779.40, as trading settled below it.
Stochastic is giving a positive signal that may push the price to test the level of the 20 and 50 moving averages.
In general, we will continue to suggest the bearish path as long as the price continues to …
The pound against the dollar bounced upwards, and reached the resistance 1.2125 at the EMA50 level, as well as the lower line of the ascending channel that appears in the chart.
We are likely to see a return to the bearish path as a result of the price reaching the …
The EUR/USD pair stabilized around the support level 1.0170, as it breached it slightly and came back to test it again.
We are likely to continue with the bearish scenario, due to the negative signal that comes from the stochastic indicator. Therefore, we may see a drop to the support …
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