GOLD 30.11.2021

Technical Analysis
Tuesday, November 30, 2021 - 05:06
Point Trader Group

Overview:

The pair is trading in a downtrend

Expected scenario:

We notice on the above chart that the pair is trading above a strong support level around 1770 dollars, which enhances the chances of ascending to 1800 - 1820.

Alternative scenario:

On the other hand, we see that if the 1770 level is broken down, it might push the pair down to 1756 dollars.

 

Resistance levels

1800.00

1810.00

1820.00

 

Support levels

1776.00

1770.00

1757.00

  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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