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Gold maintaining a solid uptrend The strong dollar is currently preventing gold prices from surpassing the critical 2695 resistance level. Nevertheless, gold prices are on a steady upward trajectory, driven by a strong demand for safe haven as investors flock to gold. This week, the direction of gold prices will hinge on the December CPI data. Markets anticipate that the CPI (YoY) will rise to 2.9% in December, up from 2.7%. Should inflation numbers exceed expectations, it could significantly dampen the Fed's willingness to cut interest rates. It is crucial to recognize that CPI results above market consensus may prompt a surge in the dollar, likely resulting in a decline in gold prices. After testing the resistance at 2695, XAUUSD returned some gains and retreated to 2671. However, XAUUSD sustains a solid uptrend within the ascending channel, awaiting further price triggers. If XAUUSD breaches above the channel’s upper bound and the resistance at 2695, the price may gain upward momentum toward 2725. Conversely, if XAUUSD breaks EMA78 and the channel’s lower bound, the price may fall further to the support at 2635.
OANDA:XAUUSD
by inkicho_exness
XAUUSD - 4hr | Rising WedgeSimple Trading: Rising Wedge Pattern GOLD has been trailing up for the past week. The Price of gold has currently broken below the rising wedge pattern, which means a huge sell-off may occur. At the moment, we are waiting for the retest of previous support to confirm new resistance. Once the New resistance is confirmed, we will see price reject the 2680-90 area and push toward the new bearish target of 2615. Pay close attention to the smelling time frames. Look for FVG's to take sell positions
SAXO:XAUUSDShort
by nikdobii
Weekly Market Forecast Jan 13, 2025This is an outlook for the week of Jan 13-17th. In this video, we will analyze the following FX markets: ES \ S&P 500 NQ | NASDAQ 100 YM | Dow Jones 30 GC |Gold SiI | Silver PL | Platinum HG | Copper The indices look set to move lower this week, with the possible exception of the DOW. The metals are rallied on Friday, and may continue upward this week, despite a relatively strong USD. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
COMEX:HG1!
by RT_Money
7
Today analysis for Nasdaq, Oil, and GoldNasdaq The Nasdaq closed lower with a lower wick, as anticipated, with a downward move at the start of the week. As mentioned, the area below 20,700 was a potential support zone for a rebound, and the market successfully bounced back. On the daily chart, the MACD and Signal lines have both dropped below the zero line, marking the first time the MACD has fallen below zero since September last year. Yesterday’s analysis focused on trading around the 3-day moving average; today, trading at the 5-day moving average is expected. A range-bound movement between the 3-day and 5-day moving averages is likely, and if the pre-market touches the 5-day moving average first, it will provide a favorable opportunity for sell-side strategies. While it is uncertain whether the 120-day moving average will be tested for support on the downside, the MACD's dip below zero suggests the potential for accelerated selling. If an overshooting move occurs on the downside, be prepared for a possible drop to the 20,300 area. The market may consolidate at support levels to form a base before reversing its trend. Monitoring the alignment of short-term moving averages on lower timeframes can help identify the reversal point. On the 240-minute chart, selling pressure continues, and the MACD has yet to cross the Signal line in a golden cross. A strong golden cross could trigger a sharp rebound, but if the MACD turns downward again, further declines are possible. Be prepared for both scenarios and adjust accordingly. Oil Crude oil closed higher, supported by potential U.S. sanctions on Russian oil exports. The price has risen to the $79 previous high level, and with the significant divergence from the 5-day moving average, corrections could occur at any time. On the monthly chart, oil has reached the upper Bollinger Band, indicating that managing risk with sell-side strategies at the highs may be more effective than chasing prices upward. On the 240-minute chart, the RSI remains in overbought territory, suggesting that the current trend may continue. However, short sell strategies should be approached cautiously and with short timeframes. The MACD and Signal lines show significant divergence and steep angles, indicating the potential for step-like upward movements even during corrections. Focus on buying at major support levels during pullbacks, but remain cautious as sharp declines could occur unexpectedly. A conservative perspective is advised. Gold Gold closed lower, facing resistance from selling pressure driven by rising Treasury yields. On the weekly chart, the MACD has turned downward, signaling stronger selling pressure. The daily chart shows the MACD above the zero line, but the Signal line has yet to cross above zero, suggesting a consolidation phase as the MACD moves closer to the Signal line. This places gold in a broad range-bound scenario. Ahead of today’s PPI and tomorrow’s CPI releases, gold is expected to trade sideways. On the 240-minute chart, a sell signal has appeared, but with the MACD and Signal lines above zero and diverging, sharp declines are less likely. Instead, support and consolidation around the 2,680 level are more probable. Focus on range-trading strategies, and exercise caution around the PPI release. Market Conditions The market is currently unsettled due to corrections in big tech stocks, Trump’s inauguration, and declines in quantum computing-related stocks. The VIX index is also showing a sharp upward trend, indicating heightened volatility. Be mindful of risk management under these conditions, and have a successful trading day! ■Trading Strategies for Today Nasdaq - Bearish Market -Buy Levels: 20,990 / 20,890 / 20,840 / 20,740 -Sell Levels: 21,160 / 21,200 / 21,300 / 21,350 Oil - Bullish Market -Buy Levels: 77.70 / 76.60 / 75.70 / 74.50 -Sell Levels: 79.45 / 79.90 Gold - Range-bound Market -Buy Levels: 2,677 / 2,672 / 2,666 / 2,661 / 2,654 -Sell Levels: 2,692 / 2,705 / 2,712 / 2,717 These strategies apply only during pre-market hours. Profit-taking and stop-loss levels are set as follows: Nasdaq: 15 points, Oil and Gold: 20 ticks. If you liked this analysis, please follow me and give it a boost!
CME_MINI:NQ1!
by Futureguard
Bearish drop?XAU/USD has reacted off the support level which is a pullback support and could drop from this level to our take profit. Entry: 2,665.13 Why we like it: There is a pullback support level. Stop loss: 2,680.68 Why we like it: There is a pullback resistance level. Take profit: 2,636.56 Why we like it: There is an overlap support level that lines up with the 78.6% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
VANTAGE:XAUUSDShort
by VantageMarkets
GOLD ROUTE MAP UPDATEHey Everyone, Once again our chart idea is playing out in true level to level fashion, although our entry today was too early and therefore we will look to manage from dips. We did get our Bullish target 2691 followed with no lock confirming the rejection into our bearish target 2679. This followed with ema5 cross and lock opening the retracement range, which we are seeing price play in currently. Once again all our weighted levels gave 30 to 40 pip bounces inline with our plans and analysis. We are looking for a reaction from this retracement range, unless we see a cross and lock below 2654, which will open the swing range for a bigger bounce. We will keep the above in mind when taking buys from dips. Our updated levels and weighted levels will allow us to track the movement down and then catch bounces up. We will continue to buy dips using our support levels taking 30 to 40 pips. As stated before each of our level structures give 20 to 40 pip bounces, which is enough for a nice entry and exit. If you back test the levels we shared every week for the past 24 months, you can see how effectively they were used to trade with or against short/mid term swings and trends. BULLISH TARGET 2691 - DONE EMA5 CROSS AND LOCK ABOVE 2691 WILL OPEN THE FOLLOWING BULLISH TARGET 2706 POTENTIALLY 2719 EMA5 CROSS AND LOCK ABOVE 2719 WILL OPEN THE FOLLOWING BULLISH TARGET 2736 BEARISH TARGETS 2679 - DONE EMA5 CROSS AND LOCK BELOW 2679 WILL OPEN THE RETRACEMENT RANGE RETRACEMENT RANGE 2668 (DONE) - 2654 EMA5 CROSS AND LOCK BELOW 2654 WILL OPEN THE SWING RANGE SWING RANGE 2640 - 2624 As always, we will keep you all updated with regular updates throughout the week and how we manage the active ideas and setups. Thank you all for your likes, comments and follows, we really appreciate it! Mr Gold GoldViewFX
OANDA:XAUUSD
by Goldviewfx
9
Sticky Inflation, Falling Pound, Pure Chaos in USD pairs!Last week was pure chaos. The dollar flexed like it’s been hitting the gym, while the pound? Let’s just say it’s practicing free-fall techniques. Sterling slipped so hard it might need a parachute soon. 🪂💸 Meanwhile, inflation is still that uninvited party guest who refuses to leave. UK CPI? Sticky. US CPI? Stubborn. And central banks? They’re in the corner pretending it’s not happening. 🙈📉 Here’s what we’re unpacking this week: 👉 Monday : ECB speeches. Expect fancy words, minimal action. 🙄 👉 Tuesday : US PPI drops. Prices rising faster than your blood pressure? Find out! 📈 👉 Wednesday : The big show. UK & US CPI—will inflation finally chill, or are we doomed to more rate drama? 🥶🔥 👉 Thursday : Aussie employment data hops in. Will it jumpstart the AUD? 🦘💵 👉 Friday : China’s GDP report. Rebound or flop? Either way, it’s gonna ripple through the markets. 🌏💣 George’s Hot Take: Dollar: Still the king. 👑💪 Sterling: In the doghouse. 🐶🚪 Inflation: Like gum on your shoe—it’s not going anywhere. 😤🥿 🎧 Tune in for all the market madness, trading insights, and just the right amount of sarcasm. Because hey, the markets don’t care about your feelings—but we’ll at least laugh about it with you. 😏 🎙️ Listen now and stay ahead of the curve! 🎧
Education
by RoadToAMillionClub
GOLD: Pivot Zone at 2665 Key to Bullish or Bearish MomentumGold Technical Analysis The price stabilized in the bullish zone after breaking above 2665. As previously mentioned, stability above 2665 led to a move toward 2678 and subsequently reached 2697 before reversing back to the pivot zone at 2665. If the price trades above 2665 again, it is expected to push higher toward 2678 and 2688. Conversely, a 1-hour candle close below 2665 would confirm a bearish trend, with the price likely dropping to 2653. Key Levels: Pivot Point: 2665 Resistance Levels: 2678, 2688, 2706 Support Levels: 2653, 2636, 2623 Trend Outlook: Bullish Trend: Above 2665 Bearish Trend: Below 2665, with further confirmation below 2653
OANDA:XAUUSDLong
by SroshMayi
GOLD Trading Opportunity! BUY! My dear friends, My technical analysis for GOLD is below: The market is trading on 2669.3 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 2680.6 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK
OANDA:XAUUSDLong
by AnabelSignals
1
Gold market trend analysis next week: Analysis of gold news: On Friday (January 10), the U.S. dollar index continued its gains on Thursday, reaching a maximum of 109.37 and closing at 109.17, an increase of about 0.17%. It was the third consecutive trading day of gains, which made gold bulls still have concerns. Gold prices rose to a nearly four-week high on Thursday, supported by safe-haven demand. Several Fed officials made speeches, believing that interest rate cuts should be suspended or treated with caution. At the same time, investors are also weighing the impact of US President-elect Trump's policies on the economy and inflation. Gold prices rose to a nearly four-week high on Thursday, supported by safe-haven demand. Several Fed officials made speeches, believing that interest rate cuts should be suspended or treated with caution. At the same time, investors are also weighing the impact of US President-elect Trump's policies on the economy and inflation. The United States announced a new round of sanctions on the Russian economy, increasing pressure on Russia through comprehensive energy sanctions, which was one of Trump's measures to strengthen Kiev's war efforts against Moscow before taking office. Gold appears to be the favored asset based on both fundamental and technical considerations. Gold is more likely to outperform this year as the year progresses, given factors such as safe-haven inflows, inflation hedges and geopolitical tensions or, of course, trade wars. But even as investors look for opportunities to buy the dip, the pullback from all-time highs is not over yet. Although the U.S. dollar index is near a two-year high and continues to pressure the performance of non-yielding assets, gold prices remain supported by a series of fundamental factors, including geopolitical tensions, falling U.S. Treasury yields and rising risk aversion in the market. Gold prices hit a near four-week high on Wednesday after a weaker-than-expected U.S. private employment report suggested the Federal Reserve may be less cautious about cutting interest rates this year. However, minutes of the Fed's December policy meeting showed officials were concerned that Trump's proposed tariffs and immigration policies could prolong the fight to curb price increases. High interest rates reduce the appeal of non-yielding assets. Physically backed gold exchange-traded funds saw inflows for the first time in four years, the World Gold Council said on Wednesday. Recent risk aversion in the market has provided important support for gold. Geopolitical risks continue to rise, mainly due to international tensions in many aspects: fierce fighting in the eastern region of the Russian-Ukrainian conflict, Israel's military operations in the West Bank, and a new round of trade disputes that may be triggered by the tariff remarks of US President-elect Trump. The combination of these events has intensified investors' demand for safe havens and provided strong support for gold prices. Gold technical analysis: Looking at the current market, Friday's non-agricultural data rebounded quickly after the negative decline. Instead, bulls started a surge mode. Not only did it hit the high pressure before 2693, but it also returned to near the 2700 mark, although it failed to break through the 2700 mark in the end. , but the technical form also highlights the fact that the decline has stopped and is favorable to the bulls. First, look at the weekly line. The weekly line has continuously closed positive, and this week has closed a long lower shadow line and a big positive line. The bulls have indeed taken the advantage. In addition, the short-term moving average maintains an upward movement and other cycle indicators, as well as the Bollinger Bands. It intends to run upward, so the overall weekly trend can be expected to see bulls launch a strong counterattack at any time. On the daily line, the daily line continues to be positive for four consecutive times, and the price is effectively running above the short-term moving average and the Bollinger Middle Track. Even if there is a pullback in the late trading, the shape is still the same. This is enough to show that the advantage of the bulls has not changed. The short-term moving average is currently following again. The upward movement forms support, other periodic indicators maintain a bullish arrangement, and the Bollinger Bands continue to extend upward as a whole. In addition, the macd indicator double-line golden cross upward form shows sufficient upward potential. Therefore, overall on the daily line, bulls are reaching new highs. It will be a high probability. In terms of the 4-hour, after yesterday's shock consolidation in the US market, it can be confirmed that gold has stabilized at 2665. This is enough to be reflected from the fact that a long lower shadow line was collected during the US trading period. In addition, the current short-term moving average forms an upward pattern at 2685 and 2678, and other periodic indicators also show a bullish arrangement. In addition, the Bollinger band opens upward as a whole, and the MACD indicator double line is in a golden cross upward pattern, showing sufficient upward momentum. Therefore, the overall 4-hour level should be dominated by bulls. The gold operation idea at the beginning of next week is to continue to do long at lows, supplemented by short selling at highs. For the support and resistance below, first pay attention to the 2685-2680 area. Above, the short-term continuation will look at the 2700-2710 area. If it is broken by the short force, it will be broken again at that time. Focus on 2673 and 2664, especially the latter, as the negative retracement point of non-agricultural data, will become the strongest defense for shorts. Above that, a decisive multi-buy layout is required. For the upper resistance, you can first pay attention to the vicinity of 2703, and then pay attention to the 2712 area. If it reaches the first time, you can try short-term trading and short selling. Taken together, in terms of short-term operation ideas for gold next week, our professional senior analyst team recommends mainly longs at the pullback position, supplemented by shorts at the rebound highs. The top short-term focus is on the 2703-2712 first-line resistance, In the short term below, focus on the 2675-2670 first-line support.
FOREXCOM:XAUUSDLong
by Caesar_Gorman01
SPY/QQQ Plan Your Trade For 1-13-25 : Inside BreakawayToday's video highlights some of the deeper, more detailed research I do behind the scenes for all of you. My SPY Cycle Patterns are just one part of what I attempt to develop to identify opportunities and to help guide all of you toward success. And, trust me, creating and reviewing all of this data, creating all this content, and staying ahead of the markets is not an easy task. It takes insight, knowledge, and experience to be able to try to read these charts, plan for what the markets are likely to attempt to do in the future, and try to convey that information to you in a concise format. You'll see my suggestion the markets will attempt to establish a new low early this week, then REJECT and move higher into the Inauguration. I know it seems counter-intuitive to suggest the markets are breaking downward while telling you to expect a REJECTION and a brief move higher - but price moves in waves - not in a straight line. Gold and Silver are pulling down as the initial selling pressure drives a bit of a panic in metals. This downward move should end with a strong rally where Gold attempts to move above $2800. Bitcoin, on the other hand, is the hard asset I believe will see the bigger decline - possibly targeting the $72-74k level before the end of February. I believe the Excess Phase Peak pattern is confirming the move down to consolidation right now, and that low (possibly near $72-74k) will act as temporary support before a much deeper low is set. Remember, we are just getting started into 2025. so we have lots of time to try to manage and trade our accounts into profits. Get some. #trading #research #investing #tradingalgos #tradingsignals #cycles #fibonacci #elliotwave #modelingsystems #stocks #bitcoin #btcusd #cryptos #spy #es #nq #gold
BITSTAMP:BTCUSDLong
by BradMatheny
XAGUSD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
FX:XAGUSDShort
by Maks_Klimenko
2
Gold breaks up, can it test the previous high? Recently, gold has maintained an upward channel and fluctuated upward, and the overall trend is strong. From the hourly line, the gold price has continued to fluctuate higher since the 2615 line, and has now broken through the top pressure of the upward channel, forming a typical top-bottom conversion structure. The key support below is in the 2676-2678 area. In the Asian session, gold fell slightly from the high level and received support at the 2680 line. It rebounded again in the short term and is currently testing the 2700 line of resistance. From a technical perspective, gold is still in an upward break structure as a whole, and the short-term long and short key points are concentrated in the 2680-2676 area. If the price stabilizes in this range, it is expected to continue to rise in the future, with the target pointing to the two strong resistance areas of 2725 and 2750; on the contrary, if it falls below this range, it may return to the previous channel, with a bearish trend, and further move down to the 2664 line. In the short term, although gold has failed to rise many times, showing the characteristics of "slow rise and fast fall", the upward breakout pattern has not been destroyed, and the price structure is still bullish. In terms of operation ideas, it should be mainly low-long, combined with high-short strategies to respond flexibly. Summary: The current upward breakout pattern of gold has not changed. In terms of operation, it is advisable to mainly do more at low levels. If the high level is under pressure, you can try shorting with a light position, strictly control risks, and pay attention to the breakthrough of key intervals. Trading strategy recommendations Short strategy Layout area: Gold rises to 2700 and is under pressure, and short orders can be arranged. Stop loss setting: above 2715. Target position: First target: 2675, observe the support strength. If it falls below 2675, look further down to the 2664 area. Long strategy Layout area: After gold adjusts to the 2675-2680 area and stabilizes, long orders are arranged. Stop loss setting: below 2664. Target: First target: 2690 Second target: 2700 is further expected to 2725-2750 after breaking through. Risk warning The trend of gold is currently affected by both technical and emotional factors, and it is necessary to pay close attention to the performance of key support and resistance levels. At the same time, it is necessary to pay attention to the impact of fundamental factors such as the US dollar index and economic data on gold prices and adjust strategies in a timely manner.
FOREXCOM:XAUUSD
by RonPeter_Trading
Gold key levels with both buy and sell entries 12/01 to 17/01Gold key support and resistance levels for the coming week . Ill look to enter a buy at 2692 monitering support and resistance levels to the upside. For a sell my entry would be 2684 . For Gold we have seen a rise after a strong drop , we have retraced from 2600 to 2690/91 area now we could see a correction to the downside again. As always trade safe wait for levels and conformation of entry. This is not finincial advice mearly shareing my technical analasis on gold for the coming week
OANDA:XAUUSD
by F0rexBorex
A Bullish Momentum Ahead! XAU/USDH1 Analysis - Current Price: $2687 Gold has been climbing steadily over the past few days, and the daily (D1) bias remains bullish. My weekly analysis suggests that the market is likely to reach $2760 this week, with strong bullish momentum. For now, with the daily close at $2697, I expect a minor correction towards the H1 unmitigated order block. Notably, this order block coincides with a trendline. If prices bounce from this demand zone, there are two key levels where the market could face resistance: The first resistance is at the trendline, between $2703 and $2706. The second resistance zone is between $2710 and $2715, where we have an H4 Fair Value Gap (FVG) and an order block. At this point, a small correction could occur again. Let's observe how the price reacts to these zones and monitor the potential upward movement. Always remember to conduct your own analysis before making any trading decisions.
OANDA:XAUUSD
by Profit-Scalper
10
XAGUSD - Short SetupMy main trading principle is that the price always moves from swept liquidity levels to untouched liquidity levels. In particular case we clearly can see the following context: price swept 1D key liquidity level and left untouched level lower, this indicates on probable distribution Wyckoff range. But to take more statistically probable trades we should wait for some type of lower timeframe confirmation, and in this case we can notice sign of weakness (reaching the middle of the range), so potentially there is a higher probability to see price lower. Your success is determined solely by your ability to consistently follow the same principles.
FX:XAGUSDShort
by Maks_Klimenko
Trend analysis and buy signalsThe negative non-agricultural data on Friday did not cause a fall, but the bulls started a surge mode. In the intraday, it not only hit the previous high pressure of 2693, but also returned to the vicinity of the 2700 mark. Although it failed to break through the 2700 mark in the end, the technical form also highlighted the fact that the decline has stopped and is favorable to the bulls. First of all, looking at the weekly line, the weekly line has closed positively for consecutive weeks, and this week closed a long lower shadow line. The bulls do have an advantage. In addition, the short-term moving average keeps moving upward and other periodic indicators, as well as the Bollinger Bands, are also intended to move upward, so the overall weekly line can be expected to be strong. The bulls can launch a strong counterattack at any time. Gold non-agricultural data is bearish, and gold has bottomed out and rebounded. Gold rose again under the stimulation of risk aversion in the US market on Friday. The short-term pressure is under the resistance of the 2700 mark, and the short-term pressure is adjusted. However, the bullish trend of gold is still there. Continue to buy when it falls back this week! Just don't chase the rise in the short term under pressure at 2700. If gold breaks through 2700 further under the stimulus of risk aversion, then gold will fall back and continue to follow up and go long. If it cannot break through, then gold will wait patiently for low points to buy. Gold stopped at 2663 after the negative non-agricultural data on Friday. Gold bought on dips above 2663 this week. The gold moving average support now moves up to 2672. Wait for 2672 to enter the market first. First support: 2685, second support: 2672, third support: 2666 First resistance: 2700, second resistance: 2715, third resistance: 2726 Operation ideas: BUY: 2672-2675 SELL: 2708-2710
OANDA:XAUUSDLong
by Jun-GoldAnalyst
GOLD Will Move Higher! Long! 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 on a crucial zone of demand 2,681.093. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2,705.266 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDLong
by SignalProvider
2