End of day analysis for Gold 26-11-2019

Economies.com
2019-11-26 18:44PM UTC

Gold price approached our waited target at 1447.00 and shows bullish bias to test the correctional bearish channel’s resistance, noticing that stochastic loses its positive momentum to approach the overbought areas, which supports the chances of resuming the expected bearish trend for the upcoming period, which depends on the price stability below 1489.00, while its extended target located at 1413.10.

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