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20.11.201915:57 Forex Analysis & Reviews: Gold 11.20.2019 - Rejection of the main multi-pivot resistance at $1.480, downside in play

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Gold did reach main multi pivot resistance (swin

g lows became resistance) at the price of $1.478 and got solid rejection of it. There is the chance for the further downside movement and potential test of $1.457.

There resistance cluster (blue rectangle) at the price of $1.478 held successful and my advice is to watch for selling opportunities with the downward targets at $1.457 and $1.446.

According to the Daily time-frame, there is potential for bear flag and further downside continuation. Only in case of the upside breakout of resistance at $1.480, I would watch for buying opportunities with the target at $1.493.

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