#AIR
The general trend is downtrending. The ascending truncated wave structure ended with the breakdown of the inclined channel. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator indicator signals overbought and shows bearish divergence.
Trading idea:
Sell on a breakout of 104.10.
Stop loss: 107.40.
Target levels: …
The general trend is upward. Downward truncated wave structure ended with the breakthrough of the inclined channel. The Awesome Oscillator indicator has a bullish divergence, and the Stochastic Oscillator indicator signals oversold.
Trading idea:
Buy on a breakout of 1.2900.
Stop loss: 1.2814.
Target levels: 1.2990; 1.3077.
Gold traded above the support level of 1720.00 is considered positive for the continuation of the bullish scenario within which the price is moving, as stability above the mentioned support level will motivate buyers to increase the volume of purchases and pressure the price to return from the rise. This …
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