Gold price closed the daily candle above the level of 1825.15, reinforcing the expectations of the continuation of the bullish trend on the intraday basis, and waiting to obtain a positive incentive to contribute to pushing the price towards the level of 1860.00, which represents our next main target.
Therefore, …
The resistance line 157.78 restrains buyers. The ascending truncated wave of H4 level has finished with piercing the inclined channel. Awesome Oscillator indicates bearish divergence and Stochastic Oscillator’s moving levels have gone outside overbought zone forming bearish divergence.
Trading idea:
Sell below support line 156.72. (When a descending wave pattern …
The pound sterling against the dollar succeeded in surpassing the 1.3660 level and settling above it, which supports the continuation of our bullish trend expectations in the upcoming sessions, and the way is open to visit 1.3785 then 1.3815 as the next main targets.
The ascending channel continues organizing the …
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