Gold Outlook - 5 November 2019

Hi Guys,

Been busy lately, here's my analysis...

Based on D1, we can see a major rejection at the upper trendline. Thus, Gold is due to fall down to 1440 (long term) for correction within the flag pattern.

תמונת-בזק

Looking at H4, the downside prevails, with immediate support to break at 1506. A break below 1500 will trigger more downward push to 1485.

Tonight ISM and JOLTS might give MIXED results, but expect a downward movement.

This week, gold might test 1440 (maximum) with more possible target at 1480/1470. Expect bullish movement reversal around 1480 (BUY STOP) with SL 30 pips.
Chart PatternsTrend Analysis

גם על:

כתב ויתור