Gold price is stable – Analysis - 30-11-2021

2021-11-30 05:28:48 GMT (Economies.com)
 

Gold price kept its stability below 1797.00 level, and faces a strong support line that decelerates the price mission to decline, therefore, it needs to break 1783.00 to open the way toward achieving our initial waited negative target at 1770.00.

 

In general, we keep preferring the bearish trend in the upcoming period if the price remained stable below 1797.00, pointing that the EMA50 keeps supporting the expected bearish wave.

 

The expected trading range for today is between 1770.00 support and 1805.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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