Gold price crawls downwards – Analysis - 25-11-2019
Economies.com
2019-11-25 05:57AM UTC
Gold price shows slight bearish bias to crawl gradually towards our waited target at 1447.00, as it is affected by the previously completed rising wedge pattern, waiting for more decline today, organized inside the bearish channel that appears on the chart.
Therefore, the bearish trend scenario will remain valid and active in the upcoming period, reminding you that breaching 1489.00 will stop the expected decline and lead the price to regain the main bullish track.
The expected trading range for today is between 1440.00 support and 1470.00 resistance.
The expected trend for today: Bearish
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