Futures contracts for gold prices fluctuated in a narrow range that tends to rise during the Asian session, to witness its highest since the eighth of January, amid the rebound of the US dollar index for the second session from its highest since May 14, according to the inverse relationship …
#DVA
The overall trend is upward. The descending wave pattern is truncated. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when an ascending wave pattern is formed.
Stop loss under the local minimum of the descending pattern.
Target levels: 124.50; …
The pair is consolidating in a narrow range of 1.4100-1.4220 due to, on the one hand, the imminent publication of important employment data in America this week, and on the other, the weekend in America and the UK.
Technical side:
The price is located above the middle Bollinger band, …
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