Thursday, February 4th, today’s news—oil giant Shell reported a 71% drop in yearly profit in 2020, oil prices continue to rise as OPEC+ promises to clear the surplus and cut the output. Global markets are mixed, earnings reports are still in focus, gold and silver are down amid the strong …
Futures contracts for gold prices decreased during the Asian session, to witness the lowest since January 19, when they tested the lowest since the beginning of December 2020 amid the rise in the US dollar index according to the inverse relationship between them on the cusp of developments and economic …
The overall trend is upward. The descending pattern is still truncated and the wave C has not reached the level of 123.6% of wave A. A bullish divergence has formed on Awesome Oscillator, and the moving indicators of Stochastic Oscillator enter the oversold zone.
Trading idea:
Buy strictly when an …
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