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15.11.202117:03 Forex Analysis & Reviews: GOLD hot forecast for 15 November, 2021

Exchange Rates 15.11.2021 analysis

During Monday's Asian trading hours, the price of gold climbed above the November 10 high level, as the price touched the 1,870.00 level's resistance. However, afterwards, the price retraced back down, before appearing to start another attempt to pass the resistance of the 1,870.00 level.

In the case that the price passes above the 1,870.00 level, the yellow metal could eventually approach the 1,900.00 mark. Although, note that round price levels might provide resistance.

On the other hand, a decline of the price might find support in the 100-hour SMA near 1,850.00, before reaching the support zone at 1,841.70/,1,845.60.

*Analisis pasar yang diposting disini dimaksudkan untuk meningkatkan pengetahuan Anda namun tidak untuk memberi instruksi trading.

Jan Novotny,
Analytical expert of InstaSpot
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