Gold price confirms the break – Analysis - 24-11-2021
Economies.com
2021-11-24 05:24AM UTC
Gold price managed to break 1800.00 level and hold with a daily close below it, which supports the continuation of the expected bearish trend for the upcoming period, supported by the negative pressure formed by the EMA50, waiting to visit 1770.00 as a next negative station.
Holdig below 1800.00 is important to continue the expected decline, as breaching it might push the price to test 1825.15 areas before any new attempt to decline.
The expected trading range for today is between 1770.00 support and 1805.00 resistance.
The expected trend for today: Bearish
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