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FX.co ★ Analysis of Gold for November 15,.2021 - Ascending triangle in creeation

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Forex Analysis:::2021-11-15T12:55:01

Analysis of Gold for November 15,.2021 - Ascending triangle in creeation

Technical analysis:

Analysis of Gold for November 15,.2021 - Ascending triangle in creeation

Gold has been trading sideways at the price of $1,863. I see potential for the upside continuation.

Trading recommendation:

The Gold is building ascending triangle and potential for the upside continuation.

Watch for buying opportunities if the Gold breaks the level of $1,868.

The upside target will be set at $1,900.

The short-term trend is bullish, which is another confirmation that demand is strong for Gold....

Support level is set at $1,841

Analyst InstaForex
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