FX.co - Analysis of Gold for November 10,.2021 - Strong breakout of the consolidation to the upside

2021-11-10T15:00:37

Relevance until2021-11-11

Technical analysis:

Analysis of Gold for November 10,.2021 - Strong breakout of the consolidation to the upside

Gold has been trading strongly to the upside today and there is potential for the another short-term upside movement.

Trading recommendation:

My advice is to watch for buying opportunities on the pullbacks during the climatic movement today.

The upside short-term objective is set at the price of $1,900.

Stochastic oscillator is showing fresh upside momentum, which is another sign for the further rise.

Support level is set at the price of $1,834

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

Analytical expert

Petar Jacimovic

FX.co ★ Analysis of Gold for November 10,.2021 - Strong breakout of the consolidation to the upside