30.11.202310:34 Forex Analysis & Reviews: Analysis of Gold for November 30, 2023 - Consolidation in progress and potential for the breakout

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Technical analysis:

Gold has been trading sideways at the price of $2.042 and I found consolidation in progress and potential for the breakout mode.

In case of the downside breakout of the support at $2.034, there is the chance for the downside movement towards $2.016

In case of the upside breakout of the resistance at $2.051, there is the chance for the rally towards $2.065

RSI oscillator is flat around 50 level, which is sign of the indecision

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