Gold price returns to the negative stability – Analysis - 29-11-2021
Economies.com
2021-11-29 05:27AM UTC
Gold price ended last Friday below 1797.00 level, to reactivate the bearish trend scenario, waiting to visit 1770.00 as a first negative target.
The EMA50 forms strong negative pressure that supports the continuation of the expected decline, noting that breaking the targeted level will extend the bearish wave to reach 1735.00 as a next station, while breaching 1797.00 represents the key to start new recovery attempts that target testing 1825.15. areas initially.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bearish
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