30 November 2020 Commodity Analysis XAUUSD
30 November 2020 Commodity Analysis XAUUSD While we were restricting the trading volumes of the Thanksgiving holiday in the USA on Thursday, the week we left behind, the ounce of Gold, which was supported by the economic figures announced below the forecasts, completed the session with a limited increase above the 1800 dollar level, which is the important support level.
In the closing session of the week, it was observed that the increase in risk appetite as a result of the impact of Black Friday shopping in addition to the coronavirus vaccine developments gained momentum with the passing of 1800 psychological support level in the ounce of Gold, while the weakness around the dollar restricted the negative movements.
When we look at it from a technical point of view, it was observed that the ounce of Gold continued to be determinant at 1766 Dollars.
Support Points: 1758 – 1750 – 1742
Resistance Points: 1772 – 1778 – 1785