GOLD Will Go Up From Support! Long!

26 Mar

Please, check our technical outlook for GOLD.

Time Frame: 3h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The price is testing a key support 3,024.22.

Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 3,056.10 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.

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27 Mar

Not

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