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Trading Signals for GOLD (XAU/USD) for November 28-29, 2024: buy above $2,638 (21 SMA - 200 EMA)
09:37 2024-11-28 UTC--6
Exchange Rates analysis

Gold is trading around 2,646 below the 200 EMA and below 4/8 Murray.

Yesterday gold approached this area representing strong resistance. As the instrument could not break it, the price resumed its bearish cycle.

If gold consolidates above 2,638 (21 SMA) in the next few hours, the outlook could be positive. So, we could expect a break above 2,656 and the price could reach 2,682 and even 5/8 Murray around 2,695.

On the contrary, with a break below 2,635, traders could see gold fall to 2,617. Eventually, the metal could reach 2/8 Murray at 2,578.

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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.