Poland’s Strong Consumption and Investment Point to Robust Growth with Mild Inflation Outlook
Ukraine Peace Deal Hopes Weigh on EUR Inflation Swaps as Real Rates Hit New Highs
Germany’s Economy: Three Years of Stagnation With Only Limited Signs of Recovery
Commodities Move on Geopolitics and Weather as Oil Rises, Gas Falls, and Nickel Faces Supply Risks
USD Overvaluation Persists as Geopolitics Dominate and JPY Faces Intervention Risks
Gold has been trading upside as I expected after the test reject of the key support at the price of $1.740. I still see potential for further rally.
Due to the strong rejection of the Fibonacci confluence in the background, I see potential for further growth.
Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.785
Stochastic oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.
Key support is set at the price of $1.740-$1.730
Relevance up to 07:00 2022-11-30 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
