GOLD Will Move Lower! Short!

2023年12月4日

Here is our detailed technical review for GOLD.

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

The market is testing a major horizontal structure 2069.570.

Taking into consideration the structure & trend analysis, I believe that the market will reach 2020.390 level soon.

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.

Like and subscribe and comment my ideas if you enjoy them!

2023年12月6日

ノート

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