Quite oversold, look for retracement as support is near

COMEX:GC1!   Gold Futures
Expecting a breather as gold             seems quite oversold. Look for overall sideways action for the next 5 to 10 trading days

On a weekly basis, 1200 level marks the middle BBands, hence expecting some support to come in.

Should we break 1200, downside targets of 1120, 110 as well as old lows at 1060

IMHO             selling put spreads for the time being might be good to take advantage of the sideways move (or wait and see how it unfolds)

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out