FX.co ★ Analysis of Gold for November 17,.2021 - Strong upside cycle and potential for continuation

Technical analysis:

Gold has been trading upside today and there is chance for the upside continuation in next period.

Trading recommendation:

Due to strong upside cycle on the Gold, my advice is to watch for buying opportunities on the pullbacks.

Upside targets are set at the price of $1,876 and $1,902.

Gold is on the extended run, which is sign that buyers are in big control....

Stochastic is still in the overbought area but with not confirmation for the reversal.....

Support level is set at the price of $1,842