GOLD Will Go Up From Support! Buy!

7 Feb

Take a look at our analysis for GOLD.

Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 2033.920.

The above observations make me that the market will inevitably achieve 2050.000 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!

8 Feb

Catatan

Great beginning for a trade, let’s hope it goes further!