GOLD Will Move Lower! Sell!
Aggiornato
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.
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Nota
I am confident in this trade so I will keep it open!
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🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
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