GFI GOLD will be closed on Friday 29 March

04/11/2021

Technical analysis for gold - November 2021

How is the price of gold going ?

Technical analysis for gold - November 2021

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.

Disclaimer:

The data presented on this page is provided for information purposes only and does not constitute investment advice, an offer to sell or a solicitation to buy, and should not be relied upon as a basis for/or inducement to engage in any investment.

Past performance is not constant over time and is not indicative of future performance. This newsletter does not take into account your financial situation and objectives. The investor is the sole judge of the appropriateness of the transactions he/she may enter into.

The information on this website is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For more information about Gold and Forex International: see the Terms and Conditions.

News See all
Here you will find important information on economic and financial news as well as information that may have an impact on your investments in gold or foreign currencies
The calm before the storm?
2024-02-29

The calm before the storm?

The yellow metal has shown very low volatility over the last four months. It is holding up near all-time highs despite high interest...
Gold in 2023: What's the outlook for 2024?
2024-01-29

Gold in 2023: What's the outlook for 2024?

The yellow metal posted a performance in euros of 9.9% over 2023 despite ECB interest rate levels not seen since 2001.
L'avenir: Gold prices hit record highs
2023-12-07

L'avenir: Gold prices hit record highs

The price of the yellow metal has risen sharply in recent weeks. Among the causes? The war in the Middle East.
We are currently closed from Friday to Monday included.
Download our guide

Download our guide

Do you want to invest in gold?
Do you have some knowledge but want to learn more?

This guide will answer your questions!