Technical analysis for gold - November 2021

Technical analysis for gold - November 2021
Posté sur The Daily Chart
04/11/2021

How is the price of gold going ?

In August last year, the kilo of gold peaked at € 56,000 per kilo and $ 2,075 / ounce.

 Since then, the price of gold has been in a bearish channel and a horizontal trading channel between $ 1750 and $ 1830.

 For gold to show signs of a reversal, it needs to close above $ 1,830.

 In the short term, gold has difficulty moving above its current central price of $ 1,800 sustainably.

 At the level of $ 1,750 there is significant support which invites to strengthen its position in gold, the lowest level being at $ 1,680.

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