Gold price attempts to recover – Analysis - 13-11-2019

2019-11-13 05:28:33 GMT (Economies.com)
 

Gold price could not manage to break 1447.00 level, to rebound bearishly on its way for potential test to 1489.00 level, which makes us suggest witnessing more rise today, noting that we will be waiting for bearish rebound from the targeted areas to resume the correctional bearish trend again.

 

On the other hand, we should note that breaking 1447.00 will stop the suggested rise and press on the price to decline towards 1413.10 direct.

 

The expected trading range for today is between 1447.00 support and 1480.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1057
-0.0005
0.0420%
1.3151
0.0014
0.1047%
Tadawul
8120.01
21.27
0.26%
16.619
0.047
0.286%
59.005
-0.105
0.178%
64.20
-0.18
0.28%
1460.655
0.810
0.056%
 
 
Live Forex Updates