Gold is looking at a comeback
TL;DR Gold is looking at continuing dipping til 1680 and then rebounding back to 1800 by april.
Right now most indicators could tell you that gold is oversold. The RSI is under at 26 on the year long chart and Gold is also under the bottom Bollinger band. I believe that it will continue dipping until it hits ca.1680 and then a rebound to 1800. Its going to be pretty similar to what happened in December
Right now most indicators could tell you that gold is oversold. The RSI is under at 26 on the year long chart and Gold is also under the bottom Bollinger band. I believe that it will continue dipping until it hits ca.1680 and then a rebound to 1800. Its going to be pretty similar to what happened in December
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.