Gold price declines again – Analysis - 22-11-2019
Economies.com
2019-11-22 05:56AM UTC
Gold price settled below the correctional bearish channel’s resistance, witnessing signs of rising wedge pattern that the price attempts to break its support line, which supports the chances of achieving more decline in the upcoming sessions, on its way to visit 1447.00 level initially.
Therefore, the bearish bias will be suggested for today, noting that surpassing the mentioned target will push the price to 1413.00 as a next correctional station, while holding below 1489.00 represents the most important condition to continue the expected decline.
The expected trading range for today is between 1445.00 support and 1475.00 resistance.
The expected trend for today: Bearish
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