GOLD Will Move Lower! Sell!

Take a look at our analysis 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 2,348.348.

Considering the today's price action, probabilities will be high to see a movement to 2,288.590.

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!

تعليق:

I am confident in this trade so I will keep it open!