07.11.202416:35 Forex Analysis & Reviews: Trading Signals for GOLD (XAU/USD) for November 7-9, 2024: buy above $2,666 (200 EMA - 4/8 Murray)

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The 200 EMA zone is a decisive area. If gold breaks and consolidates above this zone, could be seen as an opportunity to continue buying. The price may reach 5/8 Murray at 2,695 and even the 21 SMA around 2,715.

On the other hand, if gold finds it difficult to break the 2,683-2,695 zone, it will be seen as an opportunity to resume selling, with targets at 2,656 and finally at 3/8 Murray around 2,617.

The eagle indicator is in the oversold zone which means that any pullback above 4/8 Murray during the next few days will be seen as an opportunity to buy.

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