Here is our updated video about Gold price analysis for November 2021. Gold price November is trading 3.6% higher since the beginning of the month. Gold price bullish run could be linked to the FED trying to tame the reflation fears.
According to the Gold price analysis November, recent gains in the Gold chart have been boosted by a dovish tone taken by key central banks last week, with FED saying that inflation was “transitory” and would likely not require a fast rise in rates.
As the Gold price forecast shows, the weekly chart is displaying a bullish triangle pattern that was just broken above the resistance. That sharp and strong move higher indicates Gold is pushing towards higher highs and bulls might be trying to take over $2000 levels.
Watch the full video for our take on the Gold price analysis today and a deeper insight into what to expect in the weeks ahead from our Gold price prediction. Drop us a line in the comments with your thoughts on the Gold analysis.
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00:00 Intro
01:23 Gold presenting opportunities!
03:56 Support and resistance
04:33 Technical analysis
10:39 Recap
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