The resistance level of 148.80 holds back buyers. Two Doji patterns have formed from this level and indicate a possible reversal. Also, Stochastic Oscillator indicator signals overboughtness. The nearest support level is 146.78.
Trading recommendations:
Sell below 146.78.
Stop Loss - 148.80.
Target levels - 144.14; 140.00.
Gold price are below a strong resistance level of 1517.50 in anticipation of signing of the US-China phase one trade deal, which is expected to happen next week when Donald Trump and Xi Jenping meet in person.
The price is above the middle Bollinger band, above SMA 5 and SMA …
The US dollar fell during the Asian session to witness its lowest since December 13 against the Japanese yen amid the scarcity of economic data earlier this week by the Japanese economy and on the cusp of developments and economic data expected today Monday by the US economy, the largest …
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