News of the day, Thursday, May 19
S&P has lowered the 2022 GDP growth prognosis for some countries. USA economic growth is expected to decrease to 2.4% from 3.2%, and the EU GDP outlook may decrease to 2.7% from 3.3%.
Strategists assume a 0.5% interest rate hike in India at …
Gold settled around the support 1810.90 after rebounding from the resistance level. It showed weak trading yesterday. In general, we will continue to suggest the bearish path as long as the price continues to move below the level of 1850.00 in the medium term. The target will be the 1780.00 …
The ascendant wave structure is truncated. The inclined channel of the ascendant truncated structure is breached. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when level 0.8472 is breached.
Stop-loss is over the local maximum of the ascendant truncated structure.
Target levels: 0.8435; 0.8400.
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