Gold price awaits the breach – Analysis - 09-11-2021
Economies.com
2021-11-09 05:28AM UTC
Gold price hovers around 1825.15 level and faces soild resistance there, waiting to get rid of the negative momentum that appears on stochastic to get positive motive that assist to push the price to breach the mentioned level and head towards our next positive target that extends to 1860.00.
The EMA50 supports the price from below, to continue suggesting the bullish trend for the upcoming period unless breaking 1797.00 level and holding below it.
The expected trading range for today is between 1810.00 support and 1840.00 resistance.
The expected trend for today: Bullish
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