Gold price starts to recover – Analysis - 04-11-2022
Economies.com
2022-11-04 04:08AM UTC
Gold price rebounds upwards clearly after reaching the thresholds of the waited negative target at 1615.00, to head towards achieving expected gains in the upcoming sessions, targeting testing 1660.00 mainly, noting that breaching this level will lead the price to achieve additional rises and open the way to head towards 1686.40 as a next positive target.
Therefore, the bullish bias will be suggested for today, noting that breaking 1630.00 will stop the expected rise and press on the price to decline again.
The expected trading range for today is between 1625.00 support and 1665.00 resistance.
The expected trend for today: Bullish
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