Gold price hits the target – Analysis - 01-12-2021
Economies.com
2021-12-01 05:22AM UTC
Gold price succeeded to touch our waited target at 1770.00 and finds solid support there, to show some temporary bullish bias now, and it might test 1785.00 level before turning back to decline again, waiting to break 1770.00 to confirm extending the bearish wave towards 1734.00.
The EMA50 suppports the suggested negative scenario, which will remain valid unless the price rallied to breach 1785.00 followed by 1797.00 levels and hold above them.
The expected trading range for today is between 1760.00 support and 1795.00 resistance.
The expected trend for today: Bearish
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