XAU/USD Forecast And Gold Analysis

1. XAU/USD Forecast And GOLD
Analysis

2. Points To Be Discussed Today:
• Gold As A Part Of Triangle Pattern
• XAU/USD Forecast And GOLD Analysis
• Gold Trading Week
• GOLD Signals & Technical Analysis
• Trend Indicators, Oscillators, Moving Averages ,
Pivot
• XAU/USD Specifications

3. Gold As A Part Of Triangle Pattern
• GOLD continue to move as part of the
correction and the formation of a large
”Triangle” pattern.
• At the time of the publication of the forecast,
the price of GOLD is 1786 Dollars per Troy Oz.
• Moving averages indicate a short-term bullish
trend

4. GOLD With A Potential Target
• Prices are again testing the area between the
signal lines, which indicates pressure from buyers
of the asset and a potential continuation of
growth from the current levels.
• At the moment, we should expect an attempt to
develop a decline and test the support level near
the 1760 area.
• Where can we expect a rebound and a continued
rise in the price of GOLD with a potential target
above the level of 1855.

5. The Relative Strength Index (RSI)
• An additional signal in favor of raising the
XAU/USD quotes will be a test of the support
area on the relative strength index (RSI).
• The second signal will be a rebound from the
lower border of the bullish channel.
• Cancellation of the option to raise GOLD
prices on November 2, 2021 will be a fall and
a breakdown of the level of 1735.

6. The Rise In XAU/USD Quotes
• This will indicate a breakdown of the support
area and a continued fall to the area below the
level of 1695.
• Expect an acceleration of the rise in XAU/USD
quotes with the breakdown of the resistance area
and closing of the price above the level of 1820,
which will indicate the breakdown of the upper
border of the ”Triangle” model and the beginning
of the development of this pattern.

7. XAU/USD Forecast And GOLD Analysis

8. XAU/USD Forecast And GOLD Analysis - I
• XAU/USD Forecast and GOLD analysis November
2, 2021 implies an attempt to test the support
area near the level of 1760.
• Further, the growth of quotations with a target
above the level of 1855 will continue.
• This will indicate a breakout of the support area
and cancellation of the pattern.
• In this case, we should expect the GOLD price to
continue to decline with a potential target below
the level of 1695.

9. Gold Trading Week
• GOLD is completing the trading week near the 1795 area.
• The XAU/USD quotes continue to move as part of a slight
rise and the formation of a “Head and Shoulders” reversal
pattern.
• Moving averages indicate a bearish trend for Gold.
• Prices have broken the area between the signal lines
upwards, which indicates pressure from buyers and a
potential continuation of the price rise.
• At the moment, we should expect an attempt to develop a
price decline and a test of the support level near the 1735
area. Further, the GOLD price will continue to rise with a
potential target above the level of 2035.

10. Rise In Quotations And Prices For
GOLD
• An additional signal in favor of a rise in
quotations and prices for GOLD in the current
trading week November 1 — 5, 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 1675.

11. The “Head And Shoulders” Reversal
Pattern
• This will indicate a breakdown of the support
level and a continued fall in GOLD prices with a
target below 1575.
• 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 “Head and Shoulders” reversal pattern and
the beginning of its development.

12. GOLD Price Forecast and Analysis
November 1 — 5, 2021

13. GOLD Price Forecast and Analysis
November 1 — 5, 2021
• GOLD Price Forecast and Analysis November 1 —
5, 2021 assumes an attempt to test the support
level near the 1735 area.
• Then, the GOLD prices will continue to rise with a
target above the level of 2035.
• A test of the trend line on the relative strength
index (RSI) will be in favor of raising the quotes.
Cancellation of the GOLD growth option will be a
fall and a breakdown of the level of 1675.
• This will indicate a continued decline in
quotations to the area below the level of 1575.

14. GOLD Signals & Technical Analysis

15. Trend Indicators

16. Oscillators

17. Moving Averages

18. Pivot

19. XAU/USD Specifications
• The XAU/USD is traded in amounts
denominated in the US Dollar. Standard lot
Size: 100 Ounces. One pip in decimals 0.01 Pip
Value: $1
• Formula
• Profit/Loss = (Bid Price – Ask Price) X Contract
Size X Number of Lots

20. XAU/USD Forecast And GOLD
Analysis

21. Thanks for listening
XAU/USD Forecast And GOLD
Analysis