The overall trend is upward. The price pivot zone of 268.50 holds back sellers. A breakout of through the resistance level of 279.00 will result in the formation of an ascending pattern of 1-2-3. Stochastic Oscillator signals an oversold condition.
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Futures contracts for gold prices fluctuated in a narrow range that tends to rise during the Asian session, to witness its rebound to the fifth session in seven sessions from its lowest since July 22, overlooking the positive stability of the US dollar index according to the inverse relationship between …
The single currency, the euro, fluctuated in a narrow, bullish range during the Asian session against the US dollar, on the cusp of developments and expected economic data on Tuesday by the third largest economy in the euro area, Italy, and the US economy, the largest in the world.
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