The gold price continues to fluctuate around 1575.90 level, and we are still waiting for the breach of this level to confirm the bullish wave extension on the intraday and short term, where our next target is at 1611.20.
The current stochastic negativity explains the reasons why it is difficult …
The fluctuation of the US dollar in a narrow range slanted toward decline during the Asian session to witness its bounce for the third session from the top since January 21 against the Japanese yen after the developments and economic data that it had reported on the Japanese economy and …
The overall trend is downward. The Stochastic Oscillator signals overboughtness, and the Awesome Oscillator shows a bearish divergence. If the price fixes below the support level of 138.50, a further drop within the overall downtrend will be possible.
Trading recommendatons:
Sell below 138.50.
Stop loss: 140.00.
Target levels: 137.50; …
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