Gold price futures fluctuated in a narrow range tilted to the upside during the Asian session amid the US dollar index rebounding for the second session from the top since December 2, according to the inverse relationship between them on the cusp of developments and economic data expected on Thursday …
The dollar versus the yen resumed its negative trading after approaching the level of 109.33 in the previous sessions, and it is under constant negative pressure coming from the EMA50, to keep the bearish trend valid and active in the intraday basis, noting that our awaited target is at 108.40. …
The descending pattern is currently truncated (wave C did not break through 123.6% of wave A). Also, Awesome Oscillator shows a bullish divergence, while the Stochastic Oscillator indicates oversoldness.
Trading recommendation:
Buy while an ascending pattern is forming, where the wave (A) breaks through the inclined channel of the descending …
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