Futures contracts for gold prices fluctuated in a narrow range slanting to rise during the Asian session amid the decline of the US dollar index according to the inverse relationship between them on the cusp of developments and economic data expected today, Tuesday, by the US economy, the largest economy …
An H2 level ascending pattern is truncated. The currency pair is trading in the range of 365 and 135 moving averages. A bullish divergence has formed on Awesome Oscillator, while Stochastic Oscillator signals an overbought condition.
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Trading recommendations:
Sell …
The pair found support at 104.65, forming a “rising flag” (trend continuation pattern). If the market mood changes after yesterday’s sell-off, the pair may turn up, while remaining within this pattern.
Technical side:
The price is above the middle Bollinger band, at the level of SMA 5 and SMA …
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