The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. A double-bottom candlestick pattern formed.
Trading idea:
Buy when the 10.3533 level is breached.
Stop-loss: 10.2520.
Target levels: 10.4680; 10.8800.
News of the day, Tuesday, April 12
While the Ukraine conflict is likely to escalate, European inflation climbs steeply. As investors consider soon key central banks meetings, European stocks trade sharply lower on Tuesday. DAX in Germany decreased by 1.9%, the UK’s FTSE 100 declined by 0.9%, and CAC 40 …
Gold continues to rebound upwards and reached the upper limit of the sideways movement within which it has been moving for four weeks and is trying to breach the main resistance 1953.80. Therefore, it can be considered that gold achieved its initial gains. We await the price's behavior around the …
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