Gold futures fluctuated in a narrow range tilted to the upside during the Asian session, to witness its rebound for the third session in six sessions from the lowest since April 29, to prepare for the first weekly gains in four weeks, amid the US dollar index resumed its rebound …
The pair is receiving support due the demand for commodity assets and the growing investor’s confidence about the same Fed’s monetary rate for a significant period of time.
Technical side:
The price is located above the middle Bollinger band, above SMA 5 and SMA 14. RSI is above the …
The currency pair is trading in the range of 365 and 135 moving averages directed downwards. Awesome Oscillator shows a bearish divergence, and Stochastic Oscillator signals overbought conditions.
: monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, …
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