26Nov
Gold price forecast for 11-26-2021: XAUUSD analysis
With the current movement and change in players for gold, events are developing according to plan. Yesterday, there was a test of the zone of good buy prices at 1788 – 1784. After the test, the price reached the buy target, the Intermediary Zone 1798 – 1797. Now the traders are trying to consolidate the price above the IZ and reverse the short-term trend up. If successful, the target for purchases will be the upper Target Zone 1819 – 1816. Possibly even reach to 1820
If the price returns below the resistance level of 1795, keep looking for short trades to update the November 24 low.
Have a wonderful Friday and happy weekend. Just make sure you don’t get trapped into any trades holding over the weekend.