Gold continues to move sideways in the medium term between the support level of 1827.20 and the resistance of 1846.70.
It opened today's trading on a bullish price gap above the moving averages and reached the initial resistance at the value 1838.65.
In general, the sideways movement is dominating the …
#MCD
The descendant wave structures are truncated. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when the descendant wave structure forms, where the wave (A) breaches through the inclined channel of the ascendant truncated structure.
Stop-loss is over the local maximum of the ascendant …
The general trend is ascendant. The descendant wave structure is truncated. Awesome Oscillator indicates bullish divergence. The pivot 2 of the wave C of the descendant structure of level H2 is breached.
Trading idea:
Buy when level 0.9602 is breached.
Stop-loss: 0.9520.
Target levels: 0.9690; 0.9980.
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