GOLD Will Move Lower! Short!

Take a look at our analysis for GOLD.

Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The price is testing a key resistance 2,436.365.

Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 2,398.658 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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Comment:

I thin that the price will hit the TP soon enough!