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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

Gold 24.11.2023

Technical Analysis
Friday, November 24, 2023 - 13:22
Point Trader Group
Gold 24.11.2023

General trend: down.
Expected scenario:
Very weak trading dominates gold today, and we are still within the expected scenario. The pair is trading below a strong resistance level around 2006, which enhances the chances of a drop to 1980-1990.
Alternative scenario:
The pair continues its rise by breaking 2006, targeting the 2010-2020 level
The most important levels
resistance:
2006 - 2010
support:
1990 - 1980

  Disclosure of risk:     Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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