Gold prices rose strongly after the US Federal Reserve raised the interest rate, which reflected on prices positively, and this led to a rise in the price from the support level 1810.90 and reached the resistance 1840.00, where the EMA50 stopped the upward movement and pressured the price to decline …
The general trend is ascendant. The descendant wave structure is truncated. The currency pair is traded between 365 and 135 moving averages. Awesome Oscillator indicates bullish divergence, and moving levels of Stochastic Oscillator have left the oversold area.
Trading idea:
Buy when level 135.070 is breached.
Stop-loss: 134.052.
Target levels: …
News of the day, Wednesday, June 15
Oil prices rose today after losses in this session amid concerns over fuel demand and an expected big rate hike by Fed. Brent crude futures were up 0.4%, and WTI crude rose 0.3%.
Euro rose after the announcement of the ECB’s governing council …
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