GOLD Will Go Higher From Support! Buy!

Here is our detailed technical review for GOLD.

Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is on a crucial zone of demand 2036.347.

The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 2060.366 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 instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.

Like and subscribe and comment my ideas if you enjoy them!

Trading ditutup: target tercapai:

Great news, our trade has finally paid off!