GOLD M15 TECHNICAL ANALYSISBULLISH OUTLOOK :
GOLD price are expected to rise today , as continueasly bullish today , driven by a weekening US dollar and increasing for safe heaven assets .
TECHNICAL ANALYSIS :
on the technical front, gold is trading above the 6 to 7 days moving average , indicating a bullish trend .and the relative RSI is also pointing to oversold conditions ,suggesting a potential rebound .
SNR
key level for GOLD are at 2682 and 2672 ,while resistance levels for GOLD are at 2710 and 2715 .
TRADING STRATEGY :
based on our analysis ,we recommend a long position in gold targeting a move towards 2710 and 2720. however , traders should be cautions of potential pullbacks and adjust their strategies accordingly.
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