FX.co ★ Gold

Gold: As for the future movement of gold, according to my technical analysis, it is still likely to rise to a price of around 2400 if you look at the candlestick. This is because on the H4 time frame the gold movement has formed a bullish engulfing candle which is a strong enough signal to BUY GOLD up to a price of 2400's. However, we also have to be alert to the occurrence of a downward correction in gold because in the visualization in the RSI 14 indicator it turns out that the price of gold at 2385 is already overbought or too overbought so it is very likely that today gold will experience a fairly deep downward correction to the price of 2370's. Today's SELL GOLD signal is also quite big because it is supported by the SNR and Fibonacci methods because when the gold price was at 2385, it turned out that it was already in the Support Become Resistance or SBR area so there is a big possibility that today SELLER will enter this gold pair which makes gold go down deep enough up to the price of 2345.

As a result of my technical analysis for the movement of gold, I decided to SELL GOLD up to a price of 2350, but it does not rule out the possibility that gold will increase again to a price of 2400 today. fried, World War 3 is on the way, if it’s not already in full swing, it’s only a hybrid. Further, there is a trend black one and when it breaks through, it seems like there should be a fall somewhere around 2200, but even at 2300 on the signal I’m not ready to sell gold, and I don’t want to buy when from 1800 I shouted to the whole forum about buying, so most likely I’ll just go for gold They will analyze and not trade, it’s scary to get involved, you can make money, but you can lose everything quickly. As for the foundation, if the Fed, ECB and others lower the rate, then gold will receive support, but the price is overbought, will it be so this time? I think there is roulette and geopolitics here.