Please, check our technical outlook for GOLD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,418.666. The above observations make me that the market will inevitably achieve 2,454.280 level. P.S We determine oversold/overbought condition with RSI...
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 key horizontal level 2,392.122. Considering the today's price action, probabilities will be high to see a movement to 2,422.021. P.S We determine oversold/overbought condition with RSI...
Hello, Friends! GOLD is trending up which is evident 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 great 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: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2,423.965. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,440.114 level soon. P.S Overbought describes a period...
Please, check our technical outlook for GOLD. Time Frame: 30m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2,467.744. The above observations make me that the market will inevitably achieve 2,482.560 level. P.S Please, note that an oversold/overbought condition...
Take a look at our analysis for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2,410.659. Considering the today's price action, probabilities will be high to see a movement to 2,482.310. P.S Please, note that an oversold/overbought condition can last...
Please, check our technical outlook 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 2,371.831. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,399.395 level. P.S The term oversold refers to a...
Here is our detailed technical review for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is testing a major horizontal structure 2,372.941. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,390.660 level soon. P.S The term oversold refers to a...
Here is our detailed technical review for GOLD. Time Frame: 45m Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2,329.409. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,335.750 level. P.S We determine...
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 approaching a significant support area 2,326.123. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,343.810 level. P.S We determine...
Here is our detailed technical review for GOLD. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2,320.24. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,388.63 level. P.S Overbought describes...
Hello,Friends! The BB lower band is nearby so GOLD is in the oversold territory. Thus, despite the downtrend on the 1W timeframe I think that we will see a bullish reaction from the support line below and a move up towards the target at around 2398.194. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for GOLD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a key horizontal level 2,332.804. Considering the today's price action, probabilities will be high to see a movement to 2,352.917. P.S Overbought describes a period of time where there has been a...
Hello,Friends! We are going long on the GOLD with the target of 2363.420 level, because the pair is oversold and will soon hit the support line below. We deduced the oversold condition from the price being near to the lower BB band.However, we should use low risk here because the 1W TF is red and gives us a counter-signal. ✅LIKE AND COMMENT MY IDEAS✅
Please, check our technical outlook for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 2,317.874. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,341.697 level. P.S The term oversold refers to a...
Hello,Friends! GOLD downtrend evident from the last 1W red candle makes longs trades more risky, but the current set-up targeting 2356.045 area still presents a good opportunity for us to buy the pair because the support line is nearby and the BB lower band is close which indicates the oversold state of the GOLD pair. ✅LIKE AND COMMENT MY IDEAS✅
My dear friends, Please, find my technical outlook for GOLD below: The instrument tests an important psychological level 2342.7 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 2348.5 About Used Indicators: Super-trend indicator is...
Hello,Friends! Bullish trend on GOLD, defined by the green colour of the last week candle combined with the fact the pair is oversold based on the BB lower band proximity, makes me expect a bullish rebound from the support line below and a retest of the local target above at 2362.127. ✅LIKE AND COMMENT MY IDEAS✅