Gold in a bottoming area
As you can see, gold in severly oversold. It has an very low RSI turning up, and finally a green candle forming after many red downward candles. Looks likely it will bottom around this area and probably head back up to the previous support level which is around 1913.
Of course, it could go up only a little and make another lower dip, but I doubt it.
Of course, it could go up only a little and make another lower dip, but I doubt it.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.