The pair dropped significantly at the end of the week amid a strong increase in inflation in the US, which may become the basis for the Fed to begin the process of reducing purchases of government bonds in the fall of this year. This will support the dollar, but …
#ECL
The overall trend is upward. The descending wave pattern is truncated. Awesome Oscillator shows a bullish divergence. The inclined channel of the descending truncated pattern is broken.
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Trading idea:
Buy at the breakout of 214.85.
Stop Loss: 210.80.
Target levels: 217.30; 229.40.
Gold futures contracts fluctuated in a narrow range tilted to the upside during the Asian session, to witness its rebound for the fifth session in six sessions from the lowest since May 19, amid the rebound of the US dollar index for the fourth session in six sessions from its …
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