FX.co ★ Analysis of Gold for November 22, 2023 - Key resistance on the test at $2.008

Technical analysis:

Gold has been trading upside this morning but i found testing of the key resistance at $2.008. The level of $2.008 is critical pivot and price action around this pivot will be very important to watch.

In case of the rejection of the resistance there is the chance for the drop towards $1.965

In case of the upside breakout of the resistance at $2.008 and hold above, there is the chance for the growth towards $2.024 and $2.040

RSI oscillator is showing upside trend condition and reading above 60