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30.11.202209:58 Forex Analysis & Reviews: Analysis of Gold for November 30,.2022 - Potential for further growth

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Technical analysis:

Exchange Rates 30.11.2022 analysis

Gold has been trading upside as like I expected. I see potential for the upside continuation of the bigger bull trend in the background.

Summary:

Due to the strong upside pressure in the background and rejection of the key support at $1.740, I see potential for the further rise.

Watch for the potential buying opportunities on the intraday dips with the upside objective at the price of $1.785

Stochastic oscillator is showing fresh bull cross, which is good sign for the further rally.

Key support is set at the price of $1.740

Petar Jacimovic
Analytical expert of InstaForex
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