FX.co ★ Analysis of Gold for November 10,.2022 - Key pivot to watch at $1.705

Technical analysis:

Gold has been trading sideways at the price of $1.705 and there is potential for the breakout of rejection of the key support level.

Trading recommendation:

Key support is set at the price of $1.701 and it will be very important to observe price action around it to confirm further direction,

In case of the breakout of $1.701 I see potential for further drop towards $1.682.

In case of the rejection of $1.701, there is chance for rotation back towards $1.715-$1.721