Gold daily timeframe has already entered the oversold zone ⚠️
The last time it fell into oversold territory was September 28, 2023. After a further 3% decline, gold initiated a new round of gains with a cumulative increase of 210%. It's worth noting that September 2023 was also when the Federal Reserve released hawkish signals, causing a strong dollar, which is almost identical to the current rate hike expectations. How will it move this time?
Gold daily timeframe has already entered the oversold zone ⚠️
The last time it fell into oversold territory was September 28, 2023. After a further 3% decline, gold initiated a new round of gains with a cumulative increase of 210%.
It's worth noting that September 2023 was also when the Federal Reserve released hawkish signals, causing a strong dollar, which is almost identical to the current rate hike expectations. How will it move this time?