#T
The support level of 28.31 is holding back sellers. A bullish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals oversold conditions. A breakout of 28.91 will result in the formation of an ascending pattern of 1-2-3.
Trading idea:
Buy at breakout 28.91.
Stop Loss: 28.31.
Target levels: …
Monday, February 1st, today’s news—growth on Wall Street and on European markets after a tumultuous week. Germany posted weak retail sales data amid the stricter lockdown, Eurozone factory recovery slowed down, Dow futures rose almost by 200 points. The price of Brent oil is $55.51, WTI—$52.49, EUR/USD is at 1.2087, …
Futures contracts for gold prices fluctuated in an upward sloping range during the Asian session amid the decline in the US dollar index according to the inverse relationship between them following developments and economic data that they followed on the Chinese economy, the largest consumer of minerals in the world …
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