Gold price attempts to recover – Analysis - 26-11-2021

Gold price trades with clear positivity now, to test 1797.00 level and attempts to breach it, which urges caution from the upcoming trading, as the price needs to hold below this level to keep the bearish trend active, which targets 1770.00 mainly.

Note that breaching 1797.00 and holding above it will push the price to achieve additional gains and test 1825.15 before any new attempt to decline.

The expected trading range for today is between 1780.00 support and 1815.00 resistance.

The expected trend for today: Bearish