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Analysis of Gold for November 10,.2021 - Strong breakout of the consolidation to the upside

Technical analysis:

analytics618bde65e2642.jpg

Gold has been trading strongly to the upside today and there is potential for the another short-term upside movement.

Trading recommendation:

My advice is to watch for buying opportunities on the pullbacks during the climatic movement today.

The upside short-term objective is set at the price of $1,900.

Stochastic oscillator is showing fresh upside momentum, which is another sign for the further rise.

Support level is set at the price of $1,834

The material has been provided by InstaForex Company - www.instaforex.com