The gold price achieved a strong breach of the 1825.15 level and ended yesterday’s trading below it, which stops the suggested positive scenario in our recent reports and leads the price to shift to the downside, on its way to test the 1797.00 level initially, noting that breaking this level …
The descendant wave structure is truncated. The support level of 0.8975 restrains sellers. Awesome Oscillator, as well as Stochastic Oscillator, indicate bullish divergence.
Trade idea:
Buy when an ascendant wave structure starts forming, where a wave (A) pierces the inclined channel of the descendant truncated structure.
Stop loss below the …
#OR
The general trend is ascendant. The descendant wave structure has finished piercing the inclined channel. Awesome Oscillator indicates bullish divergence and Stochastic Oscillator signals oversold conditions.
Trade idea:
Buy when the 376.00 level is breached.
Stop-loss — 362.00.
Target levels: 400.00; 431.00.
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