Gold prices fluctuated in a narrow range tilted to the upside during the Asian session, disregarding the dollar index rebound for the second consecutive session from the lowest since March 12, according to the inverse relationship between them after the developments and economic data that we followed yesterday from the …
The overall trend is upward. The currency pair is trading in the range of the round important 1.0700 level. A bullish divergence has formed on the Awesome Oscillator, Stochastic Oscillator indicator signals oversoldness.
Trading recommendations:
Buy when an ascending wave pattern is formed, above the round secondary level of …
The pair is above the 1.1280, consolidating in anticipation of the Fed’s final monetary policy decsion to be made on a meeting from Tuesday to Wednesday. This will force investors to be cautious ad cause a local correction of the pair.
Technical side:
The price is above the middle …
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