03:32 pm (GMT +0200)The market is currently trading between 1961.91 and 1968.39. A successful breach above the swing level at 1968.39, it will most likely push prices towards 1970.98 and subsequently at 1972.28.
Price Action
Thursday, November 16 2023
03:32 pm (GMT +0200)
30 minutes Timeframe
If Gold fails to withstand the sellers' pressure, the bullish scenario will be eliminated and we foresee that a bearish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
1970.98
Target 2
1972.28
Target 3
1974.87
Target 4
1978.11
Entry
1968.39
Stop Loss
1961.91
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Thursday, November 16 2023
03:32 pm (GMT +0200)
30 minutes Timeframe
The market is currently trading between 1961.91 and 1968.39. A successful breach above the swing level at 1968.39, it will most likely push prices towards 1970.98 and subsequently at 1972.28.
If Gold fails to withstand the sellers' pressure, the bullish scenario will be eliminated and we foresee that a bearish outlook will be in effect.
Price Action Outlook:
Bullish
Profit Levels
Target 1
1970.98
Target 2
1972.28
Target 3
1974.87
Target 4
1978.11
Entry
1968.39
Stop Loss
1961.91
Trend Confirmation
Momentum
LWMA
MACD