GOLD Is Very Bullish! Long!

4月18日

Please, check our technical outlook for GOLD.

Time Frame: 1h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The price is testing a key support 3,327.58.

Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 3,360.10 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.

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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4月21日

交易結束：目標達成

That was an excellent trade and the target was reached too!