GOLD Will Go Higher From Support! Long!
Uppdaterad
Please, check our technical outlook for GOLD.
Time Frame: 30m
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 2,467.744.
The above observations make me that the market will inevitably achieve 2,482.560 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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