CFD sur Or (US$/OZ)
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Gold H1 Technically Outlook

BEARISH OUTLOOK :

GOLD price are expected to rise today , as continueasly bullish today , driven by a weekening US dollar and increasing for safe heaven assets .

TECHNICAL ANALYSIS :

on the technical front, gold is trading above the 6 to 7 days moving average , indicating a bearish trend .and the relative RSI is also pointing to oversold conditions ,suggesting a potential rebound .

SNR

key level for GOLD are at 2614 and 2608 ,while resistance levels for GOLD are at 2664 and 2668 .

TRADING STRATEGY :

based on our analysis ,we recommend a short position in gold targeting a move towards 2620 and 2610. however , traders should be cautions of potential pullbacks and adjust their strategies accordingly.

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