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FX.co ★ Analysis of Gold for November 01,.2021 - Key resistance on the test

Analysis of Gold for November 01,.2021 - Key resistance on the test

Technical analysis:

Analysis of Gold for November 01,.2021 - Key resistance on the test

Gold has been treading upside this morning towards the $1,786 but I see potential for the downside continuation due to breakout fo the rising trendline in the background.

Trading recommendation:

Due to the breakout of the upside trendline in the background and strong supply, my advice is to watch for selling opportunities.

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Downside targets are set at the price of $1,773 and $1,762.

Stochastic oscillator is is showing bull condition the not the oversold...

Key resistance is set at the price of $1,787

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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