The price of gold managed to touch the positive target indicated in our last technical update at 1860.00 and found strong resistance there, to hang between this barrier and the support that was formed at 1845.00, which makes us prefer to stop being neutral until the price confirms that it …
The GBP/USD pair tested the pivotal resistance 1.3610 and rebounded sharply lower from there, to start pressure on the 1.3525 level, and we suggest surpassing this level to open the way to continue the decline and head towards 1.3460 as a next negative target.
From here, the bearish bias is …
#CCI
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. The mirror level 166.90 restrains sellers.
Trade idea:
Buy when the ascendant wave structure forms, where a wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss below the mirror …
Don't have your language?
