XAUUSD 23/11/2022
So gold currently moving on a downtrend line while facing support at 1727.67 & resistance at 1747.17. now if gold closes below the support then it might continue pushing down while moving in respect to that downtrend line towards the next support at 1705.40.
However if you see gold respecting the support and closing above the resistance then it might continue to push up making a break out of that downtrend line towards the next resistance at 1770.85.
However if you see gold respecting the support and closing above the resistance then it might continue to push up making a break out of that downtrend line towards the next resistance at 1770.85.
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