Gold price keeps its positive stability – Analysis - 18-11-2021

Gold price settles above 1860.00 level, to keep the bullish trend scenario valid and active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to head towards 1900.00 that represents our next main target.

Stochastic current negativity might cause sideways fluctuation before resuming the waited positive trades, noting that breaking 1860.00 and holding below it will press on the price to turn to decline on the intraday basis and achieve some bearish correction before turning back to rise again.

The expected trading range for today is between 1850.00 support and 1885.00 resistance.

The expected trend for today: Bullish