Daily Oil, Gold, Silver Technical Analysis | November 20, 2023

From fxdailyreport.com

Gold waiting for more bullish momentum: chart Gold prices experienced a bullish situation after the weakening of the U.S. dollar index. Strengthening is still expected and will soon test the $2,000 mark. Traders who already have a long position when the support point test occurs can maintain that position at this time. However, if the price of gold fails to make a higher swing high point and falls to print a lower swing low point, then a bearish trend will take place. Today’s critical levels to watch: Support: $1,950, $1,900, $1,850, $1,800. Resistance: $2,000, $2,069, $2,074. Silver waiting for the test on ... (full story)