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Gold decided on the direction – north?


Good afternoon!

Gold has actively broken through the resistance level of 1735.00 and a strong downtrend (blue line) from the monthly timeframe. Now the price is trying to roll back to the broken lines, so the broken horizontal, as well as the downtrend, can serve as a subsequent springboard for the quotes to bounce up:

Bitcoin, after the last large-scale fall, continues to walk around 16500. There are all prerequisites for further price decline – to the support area of ​​​​13880, and possibly up to 12500, from which a strong potential growth of the coin may begin, towards 20000:

Gold decided on the direction - north?

The S&P500 index continues its slow growth and has already come close to the point of intersection of the downtrend (blue line) and the broken uptrend (built on points 1 and 2). The basic scenario for quotes is a rebound from the point of intersection of the lines down, towards the horizontal 3900.00:

Gold decided on the direction - north?

Oleg Svirgun, analyst at the brokerage company Tickmill

17/11/2022

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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