GOLD Is Bullish! Long!

٢١ أكتوبر

Take a look at our analysis for GOLD.

Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is approaching a significant support area 2,726.00.

The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 2,742.59 level.

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!

٢٣ أكتوبر

أغلقت الصفقة: تم الوصول للهدف

That was an excellent trade and the target was reached too!