Gold price kept rising in the intraday levels and reached our target price yesterday at $3055, while trading within a highly limited ascending price channel, with increasing momentum due to trading above the 50-candle SMA, coupled with positive signals from the Stochastic despite reaching overbought levels.
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The USD/CHF pair edged lower and leaned on the pivotal support of 0.8760 once more, indicating an upcoming push to pierce that support, as the price trades alongside a secondary downward trend line in the short term, with negative signals from the Stochastic, coupled with negative pressure due to trading below the 50-candle SMA.
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The NZD/USD pair fell in intraday trading while trying to gather momentum to rise anew, amid the dominance of the main upward trend, as it trades alongside a secondary short-term trend line, while boosted by positive signals from the Stochastic after reaching oversold levels, coupled with positive support due to trading above the 50-candle SMA.
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The AUD/USD pair was noticeably volatile in intraday trading but moved alongside the upward secondary trend line in the short term, boosted by trading above the 50-candle SMA, coupled with positive signals from the Stochastic after reaching oversold levels.
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