FX.co ★ Analysis of Gold for November 29,.2021 - Breakout of the mini rising channel

Technical analysis:

Due to strong downside movement on Friday, I see potential for the downside continuation towards the Friday's low.

Trading recommendation:

Potential for the downside continuation pattern and breakout of the rising mini channel.

Watch for selling opportunities on the rallies with the downside target at $1,779.

Stochastic is showing fresh bear cross in overbought condition, which is another sign and confirmation for the downside continuation.

Resistance is set at the price of $1,800