The support level of 91.00 holds back the buyers. The ascending wave pattern is truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the overbought conditions.
Trading idea:
Sell when the descending wave pattern is formed, where the wave (A) breaches …
News of the day, Monday, February 28
The Russian economy suffers from the Ukraine invasion. USA and EU have imposed the broadest sanctions in history, Russian stock market, Russian currency, and international relations collapse. The USD/RUB has exceeded the 100.00 level — an all-time maximum. The Central Bank of Russia …
Gold price started today’s trading with a bullish gap to trade at 1927.00, but resumed negative trading to settle below 1916.25 level, to keep the bearish trend scenario active for the upcoming period, which targets the 1860.00 level mainly.
We point out that breaking 1895.00 level will facilitate the price's …
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