Menu Close

Daily GOLD Forecast – 17.11.2023

The recent price movement aligns seamlessly with my previous analysis. The market is progressing towards the primary resistance zone at 2000. The price established a range zone following a robust bullish movement or impulse leg. I anticipate a pullback to the support level, followed by a continuation of the upward trajectory from the level at 1970 and the downward trendline. On the other hand, there is a possibility that the market could persist in a ranging pattern near the 1990 price level. My objective is set at the resistance point of 1992.