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Back Technical analysis
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Back Technical analysis
Trading Signals for GOLD on November 3-5, 2026: buy above $3,900 or sell below 3,940 (21 SMA - 2/8 Murray)
Gold is trading around $3,904, rebounding
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Gold is trading around $3,904, rebounding after having reached the psychological level of $3,900. Strong downward pressure is evident after the price touched the 21-day simple moving average (SMA); furthermore, yesterday, gold reached the upper band of the secondary downtrend channel that has been forming since October 27.In the coming hours, we could see a technical rebound toward $3,940. However, if downward pressure prevails, this area could be considered an opportunity to open short positions, in anticipation of the gold
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