There is nothing new about the sideways movement of the pound sterling against the dollar, as it continues in the sideways path, after yesterday it approached the resistance 1.2340, but it returned to rebound down to the level of the moving averages. Let's keep the movement neutral until the price …
Gold was unable to maintain the gains that opened the week's trading, as it returned to the decline and tested the support level 1827.20 and breached it in an attempt to start a downward path that will extend to the levels of 1810.90 and then 1800.00.
The stability of trading …
The general trend is ascendant. The descendant wave structures are truncated. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is under the local …
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