Gold price suffers significant losses – Analysis - 23-11-2021

2021-11-23 05:22:30 GMT (Economies.com)
 

Gold price settled near 1800.00 level after the strong decline that it witnessed yesterday, which hints that the price is on its way to achieve more expected decline in the upcoming sessions, noting that surpassing this level will lead the price to visit 1770.00 direct.

 

Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1825.15 will release the price from the current negative pressure and push to start new recovery attempts that target testing 1860.00 areas initially.

 

The expected trading range for today is between 1785.00 support and 1820.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0737
0.0084
0.7923%
1.2533
-0.0030
0.2384%
22.112
0.200
0.915%
110.258
0.119
0.108%
114.03
0.14
0.12%
1867.280
10.845
0.584%
 
 
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