Gold price succeeded in touching our awaited target at 1770.00 and now finds strong support there. It shows some temporary bullish bias now, and it may test the 1785.00 level before declining again, waiting to break 1770.00 to confirm the extension of the descending wave towards 1734.00.
The moving average …
#AEP
The overall trend is upward. The descending wave pattern is truncated. Formation of a multi-candlestick "double bottom" pattern is likely. A bullish divergence has formed on the Awesome Oscillator.
Trading idea:
Buy when an ascending wave pattern is formed, where the wave (A) breaks through the inclined channel of …
The overall trend is upward. The descending wave pattern is truncated and ended with a breakout of the inclined channel. A bullish divergence has formed on the Awesome Oscillator.
USD/JPY rate online: the price movement in real time.
Trading idea:
Buy at the breakout of 113.70.
Stop Loss: 112.50. …
Don't have your language?
