The pound against the dollar continues to move sideways, as it tested the support level 1.2190, and returned to rise to the trend line level, which it has been trying to breach since the beginning of today's trading. But it is affected by the negativity of the stochastic indicator, so …
Gold continues to move sideways between the support level 1827.20 and the resistance 1846.70, where it tested the mentioned support level yesterday, then bounced up to the resistance that it tested and failed to breach, to rebound downwards and is currently moving below the moving averages in an attempt to …
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms.
Stop-loss: 0.9579.
Target levels: 0.9691; 0.9989.
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