Gold Price Forecast for November 2023

From goldpriceforecast.com

Gold didn’t just invalidate the move above $2,000. It moved even lower – that’s how we know the invalidation is real. And so are its consequences. After gold’s suspicious rally, we see a very real decline. And the decline in silver and mining stocks is even bigger. Still, let’s start today’s analysis with the yellow precious metal. Yesterday’s move lower by $6.80 might not seem significant but given the fact that the gold price tried to move above $2,000, this is really important. It’s simply not happening even though the situation in the Middle East is escalating. Gold was likely to top with RSI ... (full story)