The general trend is descendant. The reverse wave model is forming — the ascendant wave structures are truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions. The inclined channel of the ascendant structure is breached.
Trading idea:
Sell when the descendant wave structure forms.
Stop-loss: 20736.0.
Target …
Gold continues its bearish movement, as it managed to break several levels of support, before settling at the support level 1735.00, and then rebounding to the level of 1746.00, affected by the positive sign of the stochastic indicator, which is moving within the oversold area.
We continue to suggest the …
News for today, Wednesday, July 6
European stock futures are up today after yesterday’s slump. DAX futures traded 1.1% higher, CAC 40 futures were up 1.2%, and FTSE 100 futures rose 1%.
The U.S. dollar slid today with the DXY index down 0.1%, while EUR/USD achieved its two-decade weakest level …
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