Futures contracts for gold prices fluctuated in a narrow range that tends to decline, to witness its rebound to the second session in three sessions from its highest since September 21, overlooking the bounce of the US dollar index for the seventh session in ten sessions from its high since …
The pair is trading above the strong support level of 1.3245 amid the rising crude oil prices and expectations of a new peacemeal stimulus package in the US, which weakens the US dollar.
Technical side:
The price is located below the middle Bollinger band, below SMA 5 and SMA …
The ascending M30 level pattern is currently truncated. An extended bearish divergence is likely to form (a double top pattern confirmed by a bearish divergence). Stochastic Oscillator indicates an overbought condition.
monitor the price movement in real-time.
Trading recommendations:
Sell when a descending wave pattern is …
Don't have your language?
