empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

12.11.202419:01 Forex Analysis & Reviews: Trading Signals for GOLD (XAU/USD) for November 13-15, 2024: buy above $2,590 (2/8 Murray - oversold)

Relevance up to 12:00 2024-11-26 UTC--5
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or 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. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 12.11.2024 analysis

Gold is trading around 2,598, retreating after having reached 3/8 Murray (2,617) in the early American session.

Gold has been trading within the bearish trend channel forming since October 31st. The instrument might continue its fall in the next few hours until it reaches 2/8 Murray located at 2,578.

If gold consolidates above 2,590, we could see this as an opportunity to buy with the target around 4/8 Murray located at 2,650. On the other hand, in case the metal falls towards 2,578, we could expect a technical bounce to occur as gold is extremely oversold.

Besides, in case of consolidation above 2,620 on the H4 chart, we could see gold reach the top of the downtrend channel around 2,645.

Dimitrios Zappas
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off