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16.11.202212:45 Forex Analysis & Reviews: Technical analysis of gold

Gold:

Exchange Rates 16.11.2022 analysis

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!

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Daniel Liderman,
Analytical expert of InstaSpot
© 2007-2024
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