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FX.co ★ Analysis of Gold for November 02,.2021 - Potential for the drop towards $1.772

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Forex Analysis:::2021-11-02T11:31:39

Analysis of Gold for November 02,.2021 - Potential for the drop towards $1.772

Technical analysis:

Analysis of Gold for November 02,.2021 - Potential for the drop towards $1.772

Gold has been trading flat in last 10 hours and I see potential for the the downside breakout.

Trading recommendation:

Due to the most recent downside cycle and bearish divergence in momentum, I see potential for the downside continuation.

Watch for selling opportunities with the downside target at the price of $1,772

Resistance is set at the price of $1,796

Analyst InstaForex
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