GOLD WEEKLY ANALYSIS (Nov 21 - 25)

Looking at Gold price action it broke out of a daily major downward trendline together with daily support. It rallied up and currently it is now retracing, here short term sells will be facilitated. As seen by the grey supply and demand zones we expect Gold to retest the previous zone it broke through as it has not re-tested this zone yet. Just below this zone also happens to be a 38.2 fib retracement level which will be a safe spot to put SL below as we ultimately place long term buys to ride Gold all the way up to previous high.

GOLD WEEKLY ANALYSIS (Nov 21 - 25)
GOLD WEEKLY ANALYSIS (Nov 21 - 25) Gold vs US Dollar PEPPERSTONE:XAUUSD Tadiwa_Bryan_Musere Looking at Gold price action it broke out of a daily major downward trendline together with daily support. It rallied up and currently it is now retracing, here short term sells will be facilitated. As seen by the grey supply and demand zones we expect Gold to retest the previous zone it broke through as it has not re-tested this zone yet. Just below this zone also happens to be a 38.2 fib retracement level which will be a safe spot to put SL below as we ultimately place long term buys to ride Gold all the way up to previous high.