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FX.co ★ Analysis of Gold for November 04,.2022 - Intraday trading range

Analysis of Gold for November 04,.2022 - Intraday trading range

Technical analysis:

Analysis of Gold for November 04,.2022 - Intraday trading range

Gold has been trading sideways in last 3 hours and I see potential for the range breakout.

Trading recommendation:

In case of the downside breakout of the support at $1.645, watch for selling opportunities on the break with the downside objective at $1.632

In case of the upside breakout of the resistance at $1.648, watch for buying opportunities with the upside objective at $1.664

Intraday trend is bullish....

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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