Gold price hits the target – Analysis - 11-11-2021
Economies.com
2021-11-11 05:30AM UTC
Gold price succeeded to touch our expected target at 1860.00 and found solid resistance there, to show some slight bearish bias, noticing that the price completed forming positive pattern that we believe it will motivate the price to resume the bullish bias and surpass the mentioned level to head towards 1900.00 on the near term basis.
Therefore, the bullish trend will remain suggested for the upcoming period supported by the EMA50, taking into consideration that breaking 1825.15 will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1830.00 support and 1870.00 resistance.
The expected trend for today: Bullish
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