Gold is starting to be oversold.
The CCI is positive daily chart whilst 4-hourly still has some pressures to show downward, but not much. The RSI is quite oversold status, and we are near GANN support $ 1,704. Judging the pattern and also the state of the market, and in fact an inverse believe that Gold is an inflation hedge, we are completely on the wrong track here.
Strategy is therefore, BUY current $ 1,720-1,7445 range and take profit around $ 1,785-1,800. Our cloud resistance is $ 1,835.
The estimated change of trend date is 18th July 2022.
The CCI is positive daily chart whilst 4-hourly still has some pressures to show downward, but not much. The RSI is quite oversold status, and we are near GANN support $ 1,704. Judging the pattern and also the state of the market, and in fact an inverse believe that Gold is an inflation hedge, we are completely on the wrong track here.
Strategy is therefore, BUY current $ 1,720-1,7445 range and take profit around $ 1,785-1,800. Our cloud resistance is $ 1,835.
The estimated change of trend date is 18th July 2022.
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Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.