Gold settled around the support 1810.90 after rebounding from the resistance level. It showed weak trading yesterday. In general, we will continue to suggest the bearish path as long as the price continues to move below the level of 1850.00 in the medium term. The target will be the 1780.00 …
The pound sterling dollar pair rebounded from the resistance level of 1.2495 to the downside and ended yesterday's trading below 1.2400 levels, thus it may have stopped the bullish correction and is heading towards achieving its bearish targets at the levels of 1.2300 then 1.2260.
The moving average 50 formed …
The ascendant wave structure is truncated. The inclined channel of the ascendant truncated structure is breached. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.
Trading idea:
Sell when level 0.8472 is breached.
Stop-loss is over the local maximum of the ascendant truncated structure.
Target levels: 0.8435; 0.8400.
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