The market is approaching a significant support area 2,371.831.
The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,399.395 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...
We are always telling Gold traders that they need to watch the fundamentals before the technicals as anything can happen.
Today the price of Gold shot up due to several factors:
1. The sudden death of Iran’s president in a helicopter crash is a geopolitical event.
2. Tensions in Gaza continue.
3. Jerome Powell, who now has COVID, said last week that there...
