With the movement of Gold on the daily chart inside Bullish Pitchfork channel it seems like Gold will try to test the Upper Line Pitchfork or 1783.28 to the level 1807.21 but because it managed to broke above the area 1728.94 then it seems that in the next few days there will be a correction in gold commodity assets where this commodity asset will have the potential to fall to the level of 1699.89 but if it turns out that the downward correction is still continuing until it breaks below the 1628.89 level then it is very likely that gold will continue its decline and The Bull scenario described earlier will most likely cancel by itself.
Relevance up to 04:00 2022-11-20 UTC+1 Company does not offer investment advice and the analysis performed does not guarantee results. The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
