Gold Buysignals , Gold Technical Analysis, Gold Price Forecasts and zigzag Pattern
Gold trading signalsToday and gold price Outlook
GOLD
buy @ 1215
tp @ 1229
sl @ 1208
Explanation of the gold trading signals today
Gold is preferred to buy at the market price as long as the price of gold above the level of 1208 as a stop loss level
Profit taking is set at 1229 for automatic exit on a profit
Gold Analysis and Gold Technical Outlook
The trend of gold in the near term and the medium is very bearish and the bearish trend continues
However, technical indicators are showing signs of recovery in gold prices
The price of gold has formed the technical model known as the measured move
Where the price of gold fell from the level of 1265 to reach the level of 1236 and represents the first wave decline in the pattern
The price of gold rose corrective until it reached the level of 1245, which dropped from it to start the last bear wave, which ended near the level of 1211
The first and second waves are equal in length
Which expresses the end of the pattern and is considered a signal for the rise
The RSI gave an early warning signal on the end of the current bearish trend through the revolutionary divergence pattern
The reversal candle pattern, known as the hammer, appears on the four-hour frame, which represents an opportunity to enter the buy