Gold price is stable above the support base – Analysis - 16-11-2021
Economies.com
2021-11-16 05:35AM UTC
Gold price keeps its stability above 1860.00 level, getting continuous positive support by the EMA50, waiting to get positive motive that assist to push the price to resume the main bullish trend, which its next target located at 1900.00.
Therefore, the positive scenario will remain valid for the upcoming period as long as 1860.00 level remains intact, as breaking it will put the price under intraday negative pressure that targets testing 1838.00 and might extend to 1825.15 areas before any new positive attempt.
The expected trading range for today is between 1850.00 support and 1885.00 resistance.
The expected trend for today: Bullish
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