Gold is traded in the span of the descendant price channel’s lower border. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when level 1823.00 is breached.
Stop-loss: 1818.00.
Target levels: 1824.40; 1840.00.
News of the day, Tuesday, June 28
Oil prices jumped today as G7 nations have announced to strengthen sanctions against Russia. Brent crude futures rose 1.21%, and WTI crude futures were up 1,2%.
Stock indexes rose around the globe as China eased quarantine requirements. MSCI’s broadest index of Asia-Pacific outside …
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The trend is descendant. The ascendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions. The pivot 2 of wave C of the ascendant structure is breached.
Trading idea:
Sell when level 136.08 is breached.
Stop-loss: 142.00.
Target levels: 130.20; 113.50.
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