GOLD Will Go Higher! Buy!

Please, check our technical outlook for GOLD.

Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is trading around a solid horizontal structure 2014.789.

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

הערה:

I evaluated the trade and decided to keep it running!