Futures contracts for gold prices fluctuated in a narrow range that tends to decline during the Asian session amid the positive stability of the US dollar index according to the inverse relationship between them following developments and economic data that they followed on the Chinese economy, the largest consumer of …
The support level of 223.0 holds back sellers. The fast moving average (150 EMA) crossed the slow moving average (365 EMA) moving upwards, which indicates a likely upward movement. Awesome Oscillator indicates a bullish divergence, while Stochastic Oscillator signals an oversold condition.
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The currency pair is trading in the range of 365 and 135 moving averages directed down. Awesome Oscillator indicates a bearish divergence, while Stochastic Oscillator signals an overbought condition. 135 the moving average is broken by the downward movement (1).
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