Gold price tests the resistance – Analysis - 27-11-2019
Economies.com
2019-11-27 05:52AM UTC
Gold price tested the bearish channel’s resistance and begins bouncing bearishly from there, supported by the overbought signals that appear through stochastic, waiting to motivate the price to provide more negative trades today, as our first target is located at 1447.00.
Note that surpassing the mentioned target will push the price to 1413.10 as a next correctional target, while breaching 1464.00 represents positive factor that will push the price to achieve more intraday gains and test 1489.00 areas before any new attempt to decline.
The expected trading range for today is between 1440.00 support and 1470.00 resistance.
The expected trend for today: Bearish
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