Price Action

Thursday, November 16 2023
GOLD
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 trigger an entry signal, targeting the take-profit levels at 1970.98 and 1972.28.  A protective stop loss is recommended at 1961.91.

Should Gold manage to breach below the support at 1961.91, it will eliminate the bullish scenario, generating a sell signal.
 

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
1970.98

direction
Target 2
1972.28

direction
Target 3
1974.87

direction
Target 4
1978.11

entry
Entry
1968.39
entry
Stop Loss
1961.91

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
GOLD
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 trigger an entry signal, targeting the take-profit levels at 1970.98 and 1972.28.  A protective stop loss is recommended at 1961.91.

Should Gold manage to breach below the support at 1961.91, it will eliminate the bullish scenario, generating a sell signal.
 

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
1970.98

direction
Target 2
1972.28

direction
Target 3
1974.87

direction
Target 4
1978.11

entry
Entry
1968.39
entry
Stop Loss
1961.91

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction