Gold ounce analysis

November 30

The overall trend of the ounce is upward, so the probability of winsome buy trades in the specified support areas is higher.

The area around 2030 to 2025 can be a significant area for buy trades in case of a confirmation.

Also, in case of ascending again from this area, the 2056 to 2060 price area can act as a supply area, and you can enter into sell trades in case of a confirmation.

The overall trend is upward in the weekly time frame, and we can expect the price to rise in the mid-term.

In the daily time, the trend is still upward. But currently, the price is around a supply area, and we can expect a drop and correction in case of confirmation.

If the trend line breaks and the static candle closes below 1997, we can expect the ounce to drop to around 1975 and below.

Also, in case of an ascent to around the 2010 to 2015 price and seeing a descending candlestick confirmation, we can expect a decline to the announced areas.