See also
Technical analysis:
Gold has been trading sideways at the price of $2.035 and there is potential for the potetnial breakout of the triangle pattern.
In case of the upside breakout of the resistance at $2.050, there is the chance for the rally towards upside reference at $2.070
In case of the downside breakout of the support at $2.025, there is the chance for the further drop towards $2.000
RSI oscillator is showing reading around 50, which is the sign for the indecision.
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*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful
On the hourly chart, the GBP/USD pair on Wednesday failed to continue its upward movement. Overnight, it consolidated below the 1.3344–1.3357 level, then quickly recovered to this zone and rebounded
On the 4-hour chart of the main currency pair USD/JPY, although it appears to be strengthening, is indicated by the movement of the USD/JPY price moving above the EMA (21)
With the appearance of Divergence between the Nasdaq 100 index price movement with the Stochastic Oscillator indicator and its price movement moving above the SMA (50) which has an upward
Forex Chart
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