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Gold may drop to 1765 during US Thanksgiving Holiday?

Gold dropped to 1800-1801 yesterday – Nov 23 2020, after breaking the long term support zone 1848-1851.

Gold is making a bounce to 1811-1815 after testing the 1801-1803. Gold short term trend is down, so it may drop to test the 1800-1801 again.

US GDP report at 13:30 GMT and FOMC Meeting Minutes at 18:00 GMT will set a new trend for gold.

After US GDP release, gold will go back to 1835 or 1851 if the 1800-1801 holds its support. If gold breaks the 1800-1801, it will drop to 1765.

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