We see a potential bullish scenario for gold.
Gold is currently considered undervalued based on both the Dynamic RSI indicator by Lars Gross and the technical analysis of levels and structure, making it a viable buying option.
The buying zone is located at the breakout of the level marked by a blue horizontal line.
A significant resistance line is at the 2,643 $ mark. The selling zone/potential take-profit area is marked in green.
Additionally, the current news regarding gold is not negative but rather neutral to positive, further supporting the bullish scenario.
The buying zone is located at the breakout of the level marked by a blue horizontal line.
A significant resistance line is at the 2,643 $ mark. The selling zone/potential take-profit area is marked in green.
Additionally, the current news regarding gold is not negative but rather neutral to positive, further supporting the bullish scenario.
註釋
I have temporarily removed the stop loss, as we might expect minor fluctuations.
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