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 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.
#INTC
The descendant wave structure is truncated. The historic level 42.00 formed in 2018 restrains sellers. Awesome Oscillator indicates bullish divergence.
Trading idea:
Buy when the ascendant wave structure forms, where the wave (A) breaches through the inclined channel of the descendant truncated structure.
Stop-loss is below the local minimum …
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