FX.co ★ Gold. Technical analysis for November 25, 2022

#GOLD

By 11/25/2022, the hourly chart for gold appears in the screenshot of the graph.

Due to quotes, the price of the precious metal is currently moving to the support range of $1733.0–1734.0 for one troy ounce.

The following developments are potential in the future:

- As depicted on the chart, the support level stops the current downward trend toward $1763.0-1770.0;

- The support level is broken, and price dynamics are developing downward to $1690.0-1695.0 per 1 ounce.