Gold price traded positively last Friday; it breached the 1770.00 level and headed towards testing the 1797.00 level. However, the EMA50 forms negative pressure in front of the price, which can stop the bullish bias. Besides, the stochastic indicator has lost positive momentum and clear overbought signs have emerged.
These …
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The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on the Awesome Oscillator, while the Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the pivot 2 of the wave …
The overall trend is downward. The ascending wave pattern is truncated. A bearish divergence has formed on the Awesome Oscillator. The inclined channel of the truncated ascending pattern is broken.
EUR/NZD rate online: the price movement in real time.
Trading idea:
Sell at the breakout of 1.6568
Stop Loss: …
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