The currency pair is trading in the upper limit range of the descending price channel. Stochastic Oscillator indicator signals overboughtness. Breaking through the support level 1.4626 will result in the formation of a downward pattern of 123.
Trading recommendations:
Sell below 1.4626.
Stop Loss - 1.4643.
Target levels - 1.4610; …
The resistance level of 148.80 holds back buyers. Two Doji patterns have formed from this level and indicate a possible reversal. Also, Stochastic Oscillator indicator signals overboughtness. The nearest support level is 146.78.
Trading recommendations:
Sell below 146.78.
Stop Loss - 148.80.
Target levels - 144.14; 140.00.
Gold price are below a strong resistance level of 1517.50 in anticipation of signing of the US-China phase one trade deal, which is expected to happen next week when Donald Trump and Xi Jenping meet in person.
The price is above the middle Bollinger band, above SMA 5 and SMA …
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