Gold Analysis – 29.Nov.2023

Gold Analysis : By checking the price of gold in the 12-hour time frame, we saw that the price finally hit the target that we have been talking about for several weeks! Last night, gold managed to grow up to $2052 with a stunning growth and from the range of $1931, which was an important demand zone, and I declared LONG on that range, so far it has yielded more than 1200 pips! As you have seen, the targets of $2020 and $2040 were also hit, and the price entered the bearish OB that I had specified, and was corrected, and it is currently trading in the range of $2040! The outlook is still bullish unless the price closes below $2035 in the next 24 hours, in which case we will probably see a heavy fall in gold!(This Post on TradingView)

Author : Arman Shaban

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