The general trend is descending. The ascending wave structure of the H4 level is truncated. The currency pair trades in the range of the upper border of the descending price channel. The Awesome Oscillator indicator has bearish divergence, and the Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell on the …
Oil prices rose for a second day as concerns about supply tightening increased. Brent crude futures rose 1.6%, and WTI crude futures rose 1.5%.
Key tickers:
Brent: 102.14 — strong buy.
WTI: 98.61 — strong buy.
NG: 8.686 — strong buy.
The dollar was down …
Gold confirmed breaking the resistance level 1718.00 and approached the next target with the closing of last week's trading, as it reached the level of 1739.18 last Friday. Then it formed a slight correction and is trading today around the support level 1725.00.
The moving averages support the price to …
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