Gold just broke out of one major support level. If gold is able to hold it's spot above this support level, it could indicate a potential reversal and a bullish trend in the short term.
If we look at general RSI it indicates that gold is currently in oversold territory. If RSI moves higher, let's say above 30 it could potentially indicate a complete trend reversal.
MACD just croased over it's signal line on daily and is now in bullish mode.
Due to recently bank forclosures and overall bearish mindset amongst investors. I'm long on gold.
Trade safe and don't take my word for it ❤️🔥❤️🔥❤️🔥
If we look at general RSI it indicates that gold is currently in oversold territory. If RSI moves higher, let's say above 30 it could potentially indicate a complete trend reversal.
MACD just croased over it's signal line on daily and is now in bullish mode.
Due to recently bank forclosures and overall bearish mindset amongst investors. I'm long on gold.
Trade safe and don't take my word for it ❤️🔥❤️🔥❤️🔥