Technical analysis of GOLD 11/13/2019

Gold is currently in a downward correction, maintaining an uptrend. The price found support at the level of 1445.60 (38.2% Fibo) on the 1D timeframe and is currently consolidating around 1460. If the correction continues, then the next level of support will most likely be around 1411 (50% Fibo). If quotes go up above the zone of 1519, this may mean the possible completion of the downward correction and the resumption of the upward movement above 1556.

GOLDDaily

Created by Joshua Hayn

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