Gold price confirms the breach – Analysis - 24-11-2022
Economies.com
2022-11-24 04:02AM UTC
Gold price ended yesterday above 1746.40 level, to stop the correctional bearish scenario and head towards resuming the main bullish trend, opening the way to achieve gains that start at 1765.00 and extend to reach the recently recorded high at 1786.50.
Therefore, the bullish bias will be suggested for today, supported by moving above the EMA50, noting that breaking 1746.40 will stop the positive scenario and press on the price to decline again.
The expected trading range for today is between 1740.00 support and 1775.00 resistance.
The expected trend for today: Bullish
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