An additional signal in favor of a rise in quotations and prices for GOLD in the current trading week on November 8 - 12, 2021 will be a test of the trend line on the relative strength index (RSI), as we can see, prices push up after the test of this line. The second signal will be a rebound from the lower border of the “Head and Shoulders” pattern. Cancellation of the growth option for XAU / USD quotes will be a fall and a breakdown of the area of ​​1685. This will indicate a breakdown of the support level and a continued fall in GOLD prices with a target below 1595. Confirmation of the growth in the value of the asset will be a breakdown of the resistance area and closing of quotes above the level of 1875, which will indicate completion of the formation of the "Triangle" model and the beginning of its development.
Have a nice trade!
Have a nice trade!