Gold is oversold and at support. That means it may be time to buy the commodity. The downtrend that started in March may be over.
The term "oversold" refers to a security’s momentum. This is a measure of how far it has moved in a given time. If it gets sold aggressively and pushed below its typical range, traders say it’s oversold.
Pre-open movers
U.S. stock futures traded slightly lower in early pre-market trade on Tuesday ahead of the release of minutes from the latest Fed meeting.