FX.co - Analysis of Gold for November 22,.2022

2022-11-22T09:25:01

Relevance until2022-11-23

Technical analysis:

Analysis of Gold for November 22,.2022 - Strong resistance at $1.745

Gold has been trading upside during the Asia session but I see potential for the downside continuation.

Trading recommendation:

Due to the failure to break $1.745, I see potential for the downside movement towards lower reference points.

Watch for the potential selling opportunities with the downside objectives at $1.732 and $1.725,

Resistance is set at the price of $1.745$-$1.750

*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 22,.2022 - Strong resistance at $1.745