The ascendant wave structure is truncated. Bulls have tested the moving average 200. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is over …
News of the day, Thursday, May 26
Asian shares continue to slip today as minutes from the Fed’s meeting in May showed that the majority of the policymakers support 0,5% interest rate hikes in June and July.
Oil prices rose today after several days of a rally on signs of …
Gold achieved its bearish target and reached the support level 1845.00 within the bearish correction that it is making after previously achieving the target and reaching the resistance 1870.00 near the upper line of the ascending channel within which it is moving.
Currently, gold is considered to be in a …
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