empty
 
 
30.11.2023 10:34 AM
Analysis of Gold for November 30, 2023 - Consolidation in progress and potential for the breakout

Technical analysis:

This image is no longer relevant

Gold has been trading sideways at the price of $2.042 and I found consolidation in progress and potential for the breakout mode.

In case of the downside breakout of the support at $2.034, there is the chance for the downside movement towards $2.016

In case of the upside breakout of the resistance at $2.051, there is the chance for the rally towards $2.065

RSI oscillator is flat around 50 level, which is sign of the indecision
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback