FX.co - Analysis of Gold for November 15,.2021 - Ascending triangle in creeation

15 November 2021 at 12:55PM (UTC+0)

Relevance until16 November 2021 at 12:55PM (UTC+0)

Technical analysis:

Analysis of Gold for November 15,.2021 - Ascending triangle in creeation

Gold has been trading sideways at the price of $1,863. I see potential for the upside continuation.

Trading recommendation:

The Gold is building ascending triangle and potential for the upside continuation.

Watch for buying opportunities if the Gold breaks the level of $1,868.

The upside target will be set at $1,900.

The short-term trend is bullish, which is another confirmation that demand is strong for Gold....

Support level is set at $1,841

*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 15,.2021 - Ascending triangle in creeation