FX.co ★ Gold 11.22.2019 - Another rejection of the major Fibonacci confluence support at $1.461, upside still in play

Gold did another rejection of our main multi-pivot support and Fibonacci confluence at $1.461, which is sign that there is still space for more upside movement and eventual test of $1.485.

Stochastic oscillator showed fresh new bull cross, which is good sign that buyers are still present and that buying opportunities are preferable.

Support levels are seen at the price of $1.465 $ and $1.485. Resistance level is set at $1.473, $1.478 and $1.485. My advice is to watch for buying opportunities as long as the Gold is trading above the $1.454.