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FX.co ★ Technical analysis of gold

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Forex Analysis:::2022-11-16T10:45:08

Technical analysis of gold

Gold:

Technical analysis of gold

The chart shows the movement of #GOLD on the 4-hour chart (H4).

Quotes consolidated near the global dynamic level (slanted solid green line), settling at a value of $1783 per troy ounce. The breakdown of this level may push the metal to $1810. Otherwise, the bullish movement will end, prompting a correction to $1760.

Good luck!

Analyst InstaForex
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