empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

15.11.202213:11 Forex Analysis & Reviews: Trading plan for Gold on November 15, 2022

Exchange Rates 15.11.2022 analysis

Technical outlook:

Gold prices rose through a fresh intraday high at $1,784-85 on Tuesday before pulling back. The yellow metal is seen to be trading close to $1,775 at this point in writing as the bears remain inclined to drag prices lower towards $1,747 at least. Please be aware that prices could test $1,807 to complete the expanded flat corrective structure, before turning lower again.

Gold prices have printed another high at the $1784-85 mark with a strong bearish divergence on the RSI as seen on the 4H chart here. Furthermore, prices are close enough to the Fibonacci convergence around the $1,770-75 zone discussed earlier. A high probability remains for a bearish reversal from here and a break below $1,747 will add further to our confidence.

On the flip side, if Gold prices sustain around current levels, it could open the door for gold to push through the $1,807-10 levels in the near term. The possibility also remains for a push through $1,820-30 before turning lower again. Looking at the larger wave structure, the metal is a good case to be sold on rallies from here on.

Trading idea:

Potential bearish reversal against $1,830

Good luck!

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Oscar Ton,
Analytical expert of InstaSpot
© 2007-2026
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.