The pound against the dollar continues to move sideways after rebounding from the resistance level of 1.2340, but in general, the bullish scenario remains the most likely for the upcoming period, provided that trading remains above the level of the moving average, which forms its first support levels at the …
#GLEN
The general trend is ascendant. 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 4.8270 is breached.
Stop-loss: 4.5360.
Target levels: 5.1436; 5.4480.
Gold returns to the sideways movement after it bounced yesterday from the resistance level of 1846.25 and is moving around the moving average level 50 as a support level.
If trading remains above 1835.00, it reinforces the bullish scenario for the upcoming period, and this thing supports the positivity of …
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