Gold price futures fluctuated in a declining range during the Asian session, to witness their rebound from the top since January 8th, overlooking the bounce of the US dollar index, the third session in four sessions from its high since December 21, according to the inverse relationship between them after …
The overall trend is downward. The resistance level of 0.8925 is holding back buyers. The ascending pattern is truncated. A bearish divergence has formed on Awesome Oscillator.
monitor the price movement in real time.
Trading idea:
Sell when a descending wave pattern is formed, where the …
The pair is recovering from a drop amid the Bank of Canada’s monetary policy meeting and the strong demand for risk assets caused by Joe Biden’s inaugural rally. If the demand for stocks falls due to profit-taking, and oil prices stop rising, expect the dollar to rise locally today. …
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