Currently Gold on the daily chart is moving in a bull condition because Buyers currently quite dominant where it is marked by price movements that are above the Moving Average, as well as Gold moves in harmony inside the Bullish Pitchfork channel which is currently testing the 1734.30 level which is part of the support area of the Bullish Fair Value Gap where it seems that this level is quite strong as a support level for gold, so as long as there is no decline that exceed the level of 1734,30 then Gold still potential to continue upward correction to test the level of 1785.96 as the first target and 1807.21 as the second target.
Relevance up to 02:00 2022-11-27 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.
