Gold (XAUUSD)Long
Golden
26 February 2023
13:13 (WIB)
In this current situation, The Bearish Market has definitely already taken control of the Gold with descending move that seems will stop at MA200D of the one-day trading session at $1.775 point. The Stochastic RSI shows how dominant the Bears take control of the statistic in a very low and at the bottom lines of the Oversold zone. That means the Bearish Downtrend is on a very strong movement. It is a falling wedge structure indeed. I would rather wait until the price move lower and hit the $1.775 area, and open buy orders expecting the price will start to move higher and higher. Considering the one-day trading session has hit the oversold zone.
13:13 (WIB)
In this current situation, The Bearish Market has definitely already taken control of the Gold with descending move that seems will stop at MA200D of the one-day trading session at $1.775 point. The Stochastic RSI shows how dominant the Bears take control of the statistic in a very low and at the bottom lines of the Oversold zone. That means the Bearish Downtrend is on a very strong movement. It is a falling wedge structure indeed. I would rather wait until the price move lower and hit the $1.775 area, and open buy orders expecting the price will start to move higher and higher. Considering the one-day trading session has hit the oversold zone.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.