28.11.202311:06 Forex Analysis & Reviews: Analysis of Gold for November 28, 2023 - Potential for the breakout mode

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Technical analysis:

Gold has been trading sideways at the price of $2.014 and I see potential for the breakout mode in the next period.

Due to the consolidation and contraction, I see potential for the breakout mode.

In case of the upside breakout and hold above resistance at $2.017, I see potential for the further upside movement towards $2.030

In case of the downside breakout of the $2.005, I see potential for the further drop towards $1.991

RSI oscillator is showing divergence in the background.

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