Gold price faces solid resistance – Analysis - 15-11-2019
Economies.com
2019-11-15 05:40AM UTC
Gold price rise stoped at the bearish correctional channel’s resistance that appears in the image, which makes the price begin boucing lower in a signal ti head to resume the bearish bias, where the price faced a negative pressure that comes from the EMA50 and stochastic, which makes us prefer witnessing negative trading in the upcoming sessions.
Our initial target is represnetd by testig 1447.00 level, and breaking this level will push the price to 1413.10 levels directly, being aware that breaching 1474.00 will push the price to visit 1489.00 level before any new negative attempt.
The expected trading range for today is between 1447.00 support and 1480.00 resistance.
The expected trend for today: Bearish
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