FX.co ★ Analysis of Gold for November 27, 2023 - Breakout of the symmetrical triangle pattern

Technical analysis:

Gold has been trading upside today and there was the breakout of the symmetrical triangle pattern in the background, which is good sign for the further rally.

Due to the breakout of the symmetrical triangle in the background and demand in the control, there is the chance for the further rally.

Upside objective is set at the price of $2.020

RSI oscillator is showing positive reading above the 60, with no major sign for the reversal.

Resistance is set at the price of $2.020