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Gold-short

GOLD Will Go Down From Resistance! Short! Please, check our technical outlook for GOLD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2,801.13. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,788.28 level soon. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
FOREXCOM:XAUUSDShort
by SignalProvider
1
GOLD Is Bearish! Sell! Here is our detailed technical review for GOLD. Time Frame: 12h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2,777.61. Considering the today's price action, probabilities will be high to see a movement to 2,730.88. 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. Like and subscribe and comment my ideas if you enjoy them!
FX:XAUUSDShort
by SignalProvider
1
HelenP. I Gold will drop to trend line, breaking support levelHi folks today I'm prepared for you Gold analytics. If we look at the chart we can see how the price rebounded from the trend line and started to grow and soon reached support 2, which coincided with the support zone. Then it broke this level, made a small movement up, and dropped to the trend line, which broke soon and fell below. But Gold continued to move up below the trend line and soon it broke this line with support 2 one more time, after which made a retest and continued to grow next. Later Gold rose to 2723 points, after which dropped to the trend line and then at once rebounded and rose to support 1, which coincided with one more support zone. Then the price broke this level too and some time traded in the support zone, after which turned around and made a correction movement. After this, XAU turned around and made impulse up, breaking support 1 again. Now, in my mind, XAU will fall to the support area and then break the support level. Then it correct move up and then continues to move down to the trend line. So, that's why I set my goal at 2730 points, which coincides with this line. If you like my analytics you may support me with your like/comment ❤️
OANDA:XAUUSDShort
by FirstNameHelen
6
GOLD Is Bearish! Short! Please, check our technical outlook for GOLD. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2,770.874. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,759.181 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD Will Fall! Sell! Please, check our technical outlook for GOLD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 2,750.653. Taking into consideration the structure & trend analysis, I believe that the market will reach 2,660.281 level soon. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 6h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 2,686.729. Considering the today's price action, probabilities will be high to see a movement to 2,659.435. 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:XAUUSDShort
by SignalProvider
2
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,644.615. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,625.451 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1
GOLD Will Move Lower! Sell! Here is our detailed technical review for GOLD. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 2,626.558. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,600.886 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
OANDA:XAUUSDShort
by SignalProvider
1