GOLD Will Go Up! Buy!

31 Jul

Please, check our technical outlook for GOLD.

Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 2,418.666.

The above observations make me that the market will inevitably achieve 2,454.280 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.

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1 Ogo

Nota

I thin that the price will hit the TP soon enough!