The general trend is ascendant. The descendant truncated wave structure has finished breaching the inclined channel. Awesome Oscillator indicates bullish divergence, and Stochastic Oscillator signals oversold conditions.
Trading idea:
Buy when level 93.55 is breached.
Stop-loss: 92.38.
Target levels: 95.00; 96.40.
News of the day, Tuesday, June 14
The U.S. dollar edged lower today, remaining near a 20-year high. The Dollar index traded 0.1% lower at 104.890.
Oil prices increased about $1 today due to tight global supply. WTI crude rose 0.8%, and Brent crude increased 0.9%.
Bitcoin fell 14% yesterday …
The price of gold declined significantly during yesterday's and today's trading, breaching several support levels, and reaching the target 1810.90 with the opening of today's trading, then rebounding to the level of 1827.20.
Therefore, the price has stopped the bullish movement that we talked about in the previous report, and …
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