GOLD Is Bullish! Buy!
Here is our detailed technical review for GOLD.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The price is testing a key support 2009.19.
Considering the today's price action, probabilities will be high to see a movement to 2054.26.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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