FX.co ★ Analysis of Gold for November 30,.2020 - Sellers in control and potential for the downside movement towards $1.740

European Commission says EU fully concentrated on Brexit negotiations right now

Some Brexit remarks by the European Commission

• People, businesses have had time to prepare for end of transition period
• If no-deal contingency plans are needed, they would be limited and adopted in time for 1 January

Some token remarks really, once again not giving anything away with regards to how the state of negotiations are playing out. The pound is off earlier lows again with cable near session highs as the dollar is seen weakening a little on the session.

Further Development

Analyzing the current trading chart of Gold, I found that the sellers are still in control without any signs of reversal.

1-Day relative strength performance Finviz

Based on the graph above I found that on the top of the list we got Cooper and Natural Gas today and on the bottom Silver and Gasoiln RBOB.

Key Levels:

Resistance: $1,783

Support levels: $1,741 and $1,71