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Expert In



Analysis of Gold for December 01,.2021 - Potential fake breakout of the cluster lows

Technical analysis:


Gold has been trading sideways at the price of $,786 but there was the fake breakout of the cluster in the backcgorund.

Trading recommendation:

Due to fake breakout of the support cluster in the background, I see potential for the upside movement.

Watch for buying opportunities with the upside target at $1,803

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside rotation.

Support is set at the price of $1,77

The material has been provided by InstaForex Company -