Gold price breaks the support – Analysis - 24-11-2020
Economies.com
2020-11-24 02:39AM UTC
Gold price broke 1860.90 level strongly and closed yesterday below it, noticing that the price begins today with more negativity to confirm the turn to decline, and the way is open to visit 1794.84 level that represents our next negative target.
Therefore, the bearish trend will remain expected in the upcoming sessions, noting that surpassing the targeted level will extend Gold price losses to reach 1765.00 as a next station, while the expected decline will remain valid unless the price managed to breach 1860.90 level and hold above it again.
The expected trading range for today is between 1795.00 support and 1840.00 resistance.
The expected trend for today: Bearish
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