Take a look at our analysis for GOLD. Time Frame: 8h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2033.920. The above observations make me that the market will inevitably achieve 2050.000 level. P.S We determine oversold/overbought condition with RSI...
Please, check our technical outlook for GOLD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2018.253. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2039.326 level. P.S Please, note...
Take a look at our analysis 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 2024.741. Taking into consideration the structure & trend analysis, I believe that the market will reach 2030.540 level soon. P.S Please, note that an oversold/overbought...
Hello,Friends! Previous week’s red candle means that for us the GOLD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2060.081. ✅LIKE AND COMMENT MY IDEAS✅
Take a look at our analysis for GOLD. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 2025.990. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2034.520 level. P.S The term oversold refers to a...
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 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: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 2053.231. The above observations make me that the market will inevitably achieve 2071.396 level. P.S The term oversold refers to a condition where an...
Please, check our technical outlook for GOLD. Time Frame: 9h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2048.997. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2077.660 level. P.S We determine...
as the price kept the bull flag structure intact yesterday at US session. we’re gonna watch the price development at a smaller timeframe. as i’m expecting a bullish price action today
Hello,Friends! GOLD pair is in the downtrend because previous week’s candle is red, while the price is clearly falling on the 4H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 2041.393 because the pair oversold due to its proximity to the lower BB band and a bullish correction is likely....
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 great trend following opportunity for a long trade from the support line below towards the supply level of...
Please, check our technical outlook for GOLD. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2022.99. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2046.63 level. P.S We determine...
Hello,Friends! GOLD pair is in the uptrend because previous week’s candle is green, while the price is obviously falling on the 9H timeframe. And after the retest of the support line below I believe we will see a move up towards the target above at 2055.373 because the pair is oversold due to its proximity to the lower BB band and a bullish correction is...
Hello,Friends! Previous week’s red candle means that for us the GOLD pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 2042.095. ✅LIKE AND COMMENT MY IDEAS✅
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 2055.059. ✅LIKE AND COMMENT MY IDEAS✅
Here is our detailed technical review 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 2028.329. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2060.367 level. P.S Please, note that an...
Please, check our technical outlook for GOLD. Time Frame: 3h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The price is testing a key support 2032.158. Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 2055.592 level. P.S Please, note...
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 on a crucial zone of demand 2036.347. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2060.366 level. P.S The term oversold...