Analysis of Gold for November 24,.2021 - Test of the rising trendline

Technical analysis:

Gold has been trading sideways today at the price of $1,785. The key support is set at $1,785 and price action around will decide further direction.

Trading recommendation:

Potential rejection of key support at the price of $1,785 can lead Gold towards $1,820

Downside breakout of $1,785 can lead gold towards $1,765

Since Gold already had 4 consecutive downside days in the background, there is slightly bigger chance for the upside rotation in next period.