gold signals and gold forecast

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