AndreasMunz

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)


Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out