Evening update for Gold 20-11-2023

20 พ.ย. 2023

Gold price faced negative pressure to break 1975.00 level and approaches the most important support at 1962.35, and as long as the price is above this level, the bullish trend scenario will remain active for the upcoming period, reminding you that our waited targets begin at 2000.00 followed by 2009.30.
I remain long on xauusd as price is above 1977 as at the time of writing

22 พ.ย. 2023

การซื้อขายยังคงดำเนินอยู่

Gold price rallied upwards strongly to succeed achieving our first target at 2000.00 and surpassed it to approach the second waited target at 2009.30, and the way seems open to continue the rise and surpass this level to achieve additional gains that reach 2030.00, taking into consideration that failing to breach it will push the price to rebound bearishly and head towards 1975.00 mainly.