Menu Close

Daily GOLD Forecast – 30.11.2023

The price is consolidating within a robust resistance zone. In my analysis, there's a potential scenario where the market rebounds from the support level and the upward trendline. Considering a prior bounce from this level, it signals a possible upward movement, especially since the market is establishing new swing highs and higher lows. A triangle formation is taking shape, and I anticipate a bearish move to capture liquidity beneath the formation before resuming the upward trend. My objective is the central resistance zone at 2050.