The pound against the dollar rose strongly during yesterday's trading, and breached the resistance level 1.2370, then returned to decline in a bearish correction and approached the support 1.2250.
The bullish bias will be expected for today, noting that breaking 1.2205 will stop the bullish scenario and pressure the price …
Gold prices rose and reached the resistance level of 1856.15, after which it rebounded with a correction of the descending path to the support level of 1840.00, where the price is approaching the moving averages, which form the first support levels for it.
The lower correction movement comes under the …
#RRC
The general trend is ascendant. The descendant wave structure is truncated. Bears have tested the lower border of the ascendant price channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the …
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