The pound against the dollar failed to break the resistance level at 1.2185 and rebounded from it strongly to the downside, thus continuing the bearish path that is expected to extend to the 1.1900 level. With negative pressure from the moving averages and also from the stochastic indicator.
Therefore, the …
Gold prices rose strongly after the US Federal Reserve raised the interest rate, which reflected on prices positively, and this led to a rise in the price from the support level 1810.90 and reached the resistance 1840.00, where the EMA50 stopped the upward movement and pressured the price to decline …
The general trend is ascendant. The descendant wave structure is truncated. The currency pair is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and moving levels of Stochastic Oscillator have left the oversold area.
Trading idea:
Buy when level 135.070 is breached.
Stop-loss: 134.052.
Target levels: …
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