Gold price turns to rise – Analysis - 11-03-2021

2021-03-11 04:52:43 GMT (Economies.com)
 

Gold price confirmed breaching 1721.00 level to turn to rise on the intraday basis, targeting testing the bearish channel’s resistance at 1765.00 mainly, supported by moving above the EMA50.

 

Therefore, we expect witnessing more rise in the upcoming sessions, affected by the completion of the bullish flag pattern, taking into consideration that breaking 1718.00 will stop the positive scenario and press on the price to decline again.

 

The expected trading range for today is between 1718.00 support and 1750.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.2125
-0.0048
0.3939%
1.4114
-0.0022
0.1570%
Tadawul
10322.68
86.96
0.85%
27.303
-0.501
1.804%
65.260
-0.132
0.202%
68.55
0.41
0.60%
1826.240
-17.985
0.975%
 
 
Live Forex Updates