Tuesday, 9 November 2021

Todays Gold Important Technical and Fundamental Analysis

  #XAUUSD H1

The retracement that took place in the Asian session and continued the uptrend movement when the US market opened has made the price now above the highest area for the past day.


Judging from the current price movement, the price only makes a horizontal movement above the highest price.

Here I attach the areas of support and resistance today as a reference for gold traders:-

 R1: 1827.00

 R2: 1833.00

 R3: 1843.00

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 S1: 1821.00

 S2: 1815.00

 S3: 1805.00

Prices that are more likely to show an uptrend are likely to have the potential to rise up to the resistance area in the H4 timeframes

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