⭐️GOLD: forecast for Nov 8 - Nov 12

7 nov 2021

➡️ The GOLD ends the trading week at the level of 1818$ and continues to move within the trade balance, approaching its upper border. Everything indicates the presence of a bullish trend for the metal. As part of the forecast for GOLD for the next week, the price is expected to move in the range of 1797.345$ - 1833.775$, buyers will make a regular attempt to break through the strong resistance at 1833.775$. A close above this level would open the way to gains towards 1912.755$ and above. Thus, it will be possible to speak with confidence about the rise only after the price closes above this resistance.

Opening positions in the middle of the balance sheet (at the same level of 1797.345$) is rather uncomfortable. The nearest potential entry point for the metal will be the level of 1833.775$.

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