Gold price tests the support base – Analysis - 28-11-2022
Economies.com
2022-11-28 04:41AM UTC
Gold price tests the key support 1746.40 and keeps its stability above it until now, which keeps the bullish trend scenario valid for the upcoming period, supported by the EMA50, waiting to resume the bullish bias to visit 1765.00 initially.
On the other hand, we should note that breaking 1746.40 and holding below it will stop the positive scenario and push the price back to the correctional bearish track again, to head towards testing 1721.65 areas initially.
The expected trading range for today is between 1735.00 support and 1775.00 resistance.
The expected trend for today: Bullish
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