empty
 
 
30.11.2020 02:54 PM
Analysis of Gold for November 30,.2020 - Sellers in control and potential for the downside movement towards $1.740
European Commission says EU fully concentrated on Brexit negotiations right now

Some Brexit remarks by the European Commission

  • People, businesses have had time to prepare for end of transition period
  • If no-deal contingency plans are needed, they would be limited and adopted in time for 1 January

Some token remarks really, once again not giving anything away with regards to how the state of negotiations are playing out. The pound is off earlier lows again with cable near session highs as the dollar is seen weakening a little on the session.

This image is no longer relevant

Further Development

This image is no longer relevant

Analyzing the current trading chart of Gold, I found that the sellers are still in control without any signs of reversal.

1-Day relative strength performance Finviz

This image is no longer relevant

Based on the graph above I found that on the top of the list we got Cooper and Natural Gas today and on the bottom Silver and Gasoiln RBOB.

Key Levels:

Resistance: $1,783

Support levels: $1,741 and $1,71

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback