CFDs on Gold (US$ / OZ)
Short
Updated

Gold H1 Bullish Outlook

BULLISH OUTLOOK :

GOLD price are expected to rise today , as continueasly bullish today , driven by a weekening US dollar and increasing for safe heaven assets .

TECHNICAL ANALYSIS :

on the technical front, gold is trading between the 2690 to 2610 , moving average , indicating a bullish trend .and the relative RSI is also pointing to oversold conditions ,suggesting a potential rebound .

SNR

key level for GOLD are at 2672 and 2662 ,while resistance levels for GOLD are at 2710 and 2715 .

TRADING STRATEGY :

based on our analysis ,we recommend a long position in gold targeting a move towards 2710 and 2720. however , traders should be cautions of potential pullbacks and adjust their strategies accordingly.

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