Hello, Friends! GOLD pair is trading in a local downtrend which we know by looking at the previous 1W candle which is red. On the 8H timeframe the pair is going down too. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2,663.314...
Please, check our technical outlook for GOLD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2,637.609. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,658.674 level soon. P.S Please, note that an...
Gold for this week: We have price action consolidating, followed by a pullback from the area marked last week. This trajectory aligns with the ongoing upward trend, and we expect it to continue, aiming for the previous all-time high. We have already tapped into a demand zone, and liquidity remains at the base of the last low, as well as within the internal lows of...
Please, check our technical outlook for GOLD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2,650.089. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,670.610 level. P.S The term oversold...
Hello, Friends! GOLD is trending up which is clear from the green colour of the previous weekly candle. However, the price has locally plunged into the oversold territory. Which can be told from its proximity to the BB lower band. Which presents a classical trend following opportunity for a long trade from the support line below towards the supply level of...
Here is our detailed technical review for GOLD. Time Frame: 12h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2,585.002. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,655.358 level. P.S Overbought...
Hi folks today I'm prepared for you Gold analytics. A few moments ago price declined to the trend line and then started to grow inside the wedge. In this pattern, Gold quickly rose to the support level, which coincided with the support zone, some time traded in this area, and later broke the 2475 level. After this movement, XAU rose to the resistance level, but at...
Take a look at our analysis for GOLD. Time Frame: 5h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,502.602. The above observations make me that the market will inevitably achieve 2,517.088 level. P.S Please, note that an oversold/overbought condition can last...
Hello, Friends! GOLD pair is in the downtrend because previous week’s candle is red, while the price is evidently falling on the 6H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 2,523.250 because the pair oversold due to its proximity to the lower BB band and a bullish correction is...
Coming into this week on gold, we have a clear consolidation at the last major high. This suggests there is a significant amount of liquidity built above this high. We also saw a drop towards the end of last week, indicating that a sell-off may occur in the first sessions of this week. This is based on the principle that liquidity was starting to be taken, making...
Hello, Friends! It makes sense for us to go long on GOLD right now from the support line below with the target of 2,522.676 because of the confluence of the two strong factors which are the general uptrend on the previous 1W candle and the oversold situation on the lower TF determined by it’s proximity to the lower BB band. ✅LIKE AND COMMENT MY IDEAS✅
After calling another all-time high on gold last week, we were expecting more upside from this pair. Now, the one thing that shifts us toward a sell-side bias is the fact that we broke the last significant structural low that led to the new high. This indicates that a pullback is in progress, but with liquidity building above the significant high, the probability...
Take a look at our analysis for GOLD. Time Frame: 6h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2,475.867. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,538.053 level. P.S Overbought describes a period of...
Hello, Friends! GOLD pair is trading in a local uptrend which know by looking at the previous 1W candle which is green. On the 30m timeframe the pair is going down. The pair is oversold because the price is close to the lower band of the BB indicator. So we are looking to buy the pair with the lower BB line acting as support. The next target is 2,518.970 area....
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 COPPER has been overall bullish, trading inside the rising wedge pattern in blue. At present, COPPER is undergoing a correction phase and it is hovering around the lower bound of the wedge. Moreover, it is retesting a massive support zone marked in green. 🏹 Thus, the...
Here is our detailed technical review for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2,516.156. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2,610.939 level. P.S Overbought...
Hello, Friends! We are targeting the 2,453.296 level area with our long trade on GOLD which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review for GOLD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2,430.286. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,474.000 level soon. P.S The term oversold refers to...