#COG
Support level 15.80 is holding back sellers. The descending structure was truncated and ended in a breakout of an inclined channel. Awesome Oscillator shows a bullish divergence, while the moving averages of Stochastic Oscillator crossed in the oversold range and are directed upwards.
Trading recommendations:
Buy on the …
The overall trend is upward. Silver is trading in a range of 365 and 135 moving averages. The descending H1 level pattern is truncated, while the Awesome Oscillator shows a Bullish divergence. A breakout of 24.08 will result in the formation of an upward M15 level wave pattern within …
The pair rose sharply on Monday morning amid the short-term truce in the EU–UK talks after this weekend’s meeting. It may continue to grow locally as the Fed is expected to decide on the new fiscal stimulus which will weaken the US dollar.
Technical side:
The price is above …
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