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Gold Prices November 11, 2015, Technical Analysis

By:
Christopher Lewis
Updated: Nov 11, 2015, 04:15 UTC

Gold markets went back and forth during the day on Tuesday, after initially gapping higher. Ultimately, we ended up forming a very neutral candle so we

Gold Prices November 11, 2015, Technical Analysis

Gold markets went back and forth during the day on Tuesday, after initially gapping higher. Ultimately, we ended up forming a very neutral candle so we could get a bit of a bounce from this area. This is an area that has featured quite a bit of noise previously, so a bounce from here would not be a huge surprise. Ultimately, we think that rallies should be selling opportunities on signs of exhaustion, and we will treat them as such. On the other hand, a break down below the $1080 level would have us selling again.


 

Gold Prices November 11, 2015, Technical Analysis
Gold Prices November 11, 2015, Technical Analysis

About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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