The general trend is ascendant. The descendant truncated wave structure of the H4 level has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when level 0.9642 is breached.
Stop-loss: 0.9544.
Target levels: 0.9750; 0.9870.
News of the day, Friday, June 3
European stock indices opened higher today: the DAX traded 0.3% higher, Euro Stoxx 50 increased 0.25%, and the CAC40 added 0.2%.
Oil drops as OPEC+ announced to increase production soon. Today, WTI crude traded 1.15% down, and Brent crude dipped 1.05%.
As Chinese …
Gold managed to break several levels of resistance yesterday, as it breached the level of 1855.0, then the level of 1860.00, and reached the target 1870.00. Therefore, gold activates the bullish scenario to reach the level of 1890.00. in the medium term.
The moving averages support the price to complete …
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