Monday, January 18th, today’s news—China's economy grew 2.3% in 2020, but the consumer spending fell. European markets are down, dollar is stronger, gold is falling, oil rally ends as coronavirus cases mount. The price of Brent oil is $54.98, WTI—$52.37, EUR/USD is at 1.2062, GBP/USD—1.3521, gold is $1,829.20 per ounce. …
The price of gold confirmed the breach of the 1830.00 level after closing last Friday’s trading below it, and completed forming a descending triangular flag pattern that supports the chances of achieving more expected decline during the coming period, aiming to visit the 1800.00 level as a next stop.
Therefore, …
The Australian dollar against the US dollar achieved a clear breakout of the support level of the ascending channel and settled below it, and is approaching forming a double top pattern whose features appear in the image, its confirmation level is at 0.7665, which means that breaking it will confirm …
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