Technical Analysis of Global Gold Ounce – 18th to 22th nov
Global Gold Analysis (Daily Time Frame) Gold declined again this week, with its price reaching as low as $2,536. In the previous analysis, we examined the continuation of the gold price decline. Now, after a significant correction, two scenarios are under consideration in the daily timeframe: Main Scenario: Consider selling positions from corrections below the $2,792.90 level, targeting $2,418.82–$2,304.21. Alternative Scenario: A breakout and stabilization above the $2,792.90 level would allow the asset to continue its rise to the $2,880.00–$3,000.00 levels. Gold Analysis (4-Hour Time Frame) The structure is entirely bearish, forming a downward trend. Main Scenario: If the price fails