Gold near strong support - buy on 1H
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welcome to our weekly gold market update !
The Gold price lost in the last days almost 4% value and reached almost strong support area near 1800 $
We expect the market to make a final drop to 1790-1795 $ area which is pretty nice short term buy entry.
-RSI indicator starts sideways movement which is a buy signal.
iIn long term view is 1700 $ last important support before the trend changes from up tp down.
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welcome to our weekly gold market update !
The Gold price lost in the last days almost 4% value and reached almost strong support area near 1800 $
We expect the market to make a final drop to 1790-1795 $ area which is pretty nice short term buy entry.
-RSI indicator starts sideways movement which is a buy signal.
iIn long term view is 1700 $ last important support before the trend changes from up tp down.
Feel free to leave a comment or to share your ideas in the comments section
Please hit the like button if you share or like this idea.
Follow us and stay up to date/don't miss any new ideas
Thanks for your support !
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The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
The analyses provided are for informational purposes only and do not constitute financial advice or recommendations to buy or sell anything. The information presented is based on personal research and interpretation.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.