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30.11.202012:19 ফরেক্স বিশ্লেষণ এবং পর্যালোচনা: GOLD Almost To Hit Another Target!

The price of gold is traded at the $1,773 level and it could continue down towards the $1,744 static support. The breakdown through the 1,800 psychological level signals a further drop. Surprisingly or not, XAU/USD goes down even if the USD depreciates versus its rivals.

The outlook is bearish after dropping the $1,862 level, the corrective phase is expected to continue. Only a strong, major, reversal pattern, bullish signal, could really announce that the decline is over.

XAU/USD In The Seller's Territory!

Exchange Rates 30.11.2020 analysis

Gold is located far under the $1,800 former obstacle and it could hit the first warning line (WL1) of the descending pitchfork. The S1 ($1,748) and the $1,744 are seen as important targets as well.

A valid breakdown below all these downside obstacles will validate a larger drop, corrective phase, towards the $1,700, or even lower. Please be careful around these near-term support levels because a false breakdown with great separation or a major bullish engulfing could bring a larger upside momentum.

  • XAU/USD Trading Tips

The aggressive breakdown through the 1,800 signaled further drop. Still, a broader corrective phase will be announced by a drop and stabilization under the $1,744 level. The S3 ($1,647) could be used as a downside target if the price will ignore the immediate support levels.

Also, a 1,800 retest followed by a strong drop could represent a short signal with the same targets.

*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।

বিশ্লেষকদের পরামর্শসমূহের উপকারিতা এখনি গ্রহণ করুন
ট্রেডিং অ্যাকাউন্টে অর্থ জমা করুন
ট্রেডিং অ্যাকাউন্ট খুলুন

ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।

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