boyinjungle

Gold Daily analysis 17.11.2022

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold failed to sustain above the 1780 level and did not even attempt to test the 1800.
Since gold closed below the bullish channel formed last week now bears are on ride.
Gold should test the 1748 and 1730 levels which will also be healthy corrections in Fib.
I am still bullish and I suggest to prefer buying

BUY 1748 SL 1742 TP 1758
BUY 1730 SL 1722 TP 1748

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.