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Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Analysis of Gold for November 25,.2021 - Upside trendline held successfully
07:53 2021-11-25 UTC--5
Exchange Rates analysis

Technical analysis:

Gold has been trading sideways at the price of $1,790. I see potential for the upside reaction due to oversold condition and test of the support.

Trading recommendation:

Due to oversold condition and potential for upside movement////

Watch for buying opportunities on the dips with the upside objectives at $1,821.

Gold didn't have power to break rising trend line, which is another sign that upside is in the play.

Stochastic is showing oversold condition, which is sign that there is potential for the upside rotation.

Support level is set at $1,780

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