Gold price declines strongly – Analysis - 08-11-2019

2019-11-08 05:38:09 GMT (Economies.com)
 

Gold price traded with strong negativity to move away from 1489.00 level, which supports the continuation of our bearish trend expectations on the intraday and short term basis, and the way is open to achieve our first waited target at 1447.00, reminding you that breaking this level will push the price to 1413.10 as a next correctional target.

 

Therefore, the negative scenario will remain dominant in the upcoming sessions unless the price rallied to breach 1489.00 level and hold above it.

 

The expected trading range for today is between 1447.00 support and 1480.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1062
0.0000
0.0032%
1.3153
0.0016
0.1191%
Tadawul
8120.01
21.27
0.26%
16.621
0.049
0.295%
59.025
-0.085
0.144%
64.26
-0.13
0.20%
1460.605
0.760
0.052%
 
 
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