Add a listing
0
Add a listing

Gold Wave Analysis – 4 November, 2022

gold-wave-analysis-–-4-november,-2022

• Gold reversed from strong support level 1625.00

• Likely to rise to resistance level 1700.00

Gold recently reversed up from the strong support level 1625.00 (which has been reversing the price from the end of September) – strengthened by the lower daily Bollinger Band.

The upward reversal from the support level 1625.00 started the active short-term correction (ii).

Given the bullish divergence on the daily Stochastic indicator, Gold can be expected to rise further toward the next resistance level 1700.00, coinciding with the resistance trendline of the daily down channel from May.

Source: Fxpro

Related Posts

Recent Posts
Leading Key
Asian Shares Asian Stocks bafin Blog brent brokerswatch CBI Ireland cftc cointelegraph Commodities Crude Oil energy european fca fcnb FINRA Forex fsma fxpro Gold gold-price Inflation Interview Market Analysis markets Marketwatch News News stories oil oott OPEC Press Release Press Releases Roboforex Russia Speech Statements stock markets Stocks Technical analysis tickmill Trading Warning Notice wti xgloabalmarkets
About
brokerswatch white red logo
Searching for the right forex broker is no easy task, but have no fear! Brokerswatch.com has made it very simple.  Find the right brokers based on the criteria most important to you and compare them side by side for easier selection
Twitter Facebook-f Instagram Linkedin Reddit

Brokers By Regulator

Forex Brokers List

Trading Tools

Risk Warning: FX trading is high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment goals, experience and risk tolerance levels. Loss of  part or all of your initial investment is possible;  therefore do not invest money that you cannot afford to lose. It is advised to educate yourself about FX trading before you trade real money. Disclaimer:  All data and information on this Website are provided “as is” and to be used only for information purposes.  Information is not  intended for trading or trading recommendations.  The operators of this website shall not be liable for any loss incurred by you as a result of reliance on the information contained in the Website.