empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

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!

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.