GOLD Is Bullish! Long!
Take a look at our analysis 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 1999.46.
The above observations make me that the market will inevitably achieve 2014.26 level.
P.S
Please, note that an overbought condition can last for a long time, and therefore being overbought doesn't mean a price rally will come soon, or at all.
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