GOLD Will Go Up From Support! Buy!
Updated
Take a look at our analysis for GOLD.
Time Frame: 5h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2381.676.
Considering the today's price action, probabilities will be high to see a movement to 2431.527.
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.
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Comment
Great beginning for a trade, let’s hope it goes further!
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