Gold reaches the first target – Analysis - 20-11-2017

Gold price succeeded to reach our first expected target at 1299.20, showing some slight bearish bias now affected by stochastic negativity, waiting to get enough positive momentum to push the price to breach the mentioned level and open the way to head towards 1321.50 that represents our next main target.

In general, we will continue to suggest the bullish trend in the upcoming sessions conditioned by holding above 1281.17, as breaking this level will push the price to test 1263.15 areas again before any new attempt to rise.

Expected trading range for today is between 1281.00 support and 1305.00 resistance.

Expected trend for today: Bullish