Gold price within continuation pattern – Analysis - 19-11-2021

2021-11-19 05:49:54 GMT (Economies.com)
 

Gold price’s recent trades are confined within bullish pennant pattern that its signs appear on the chart, therefore, the price needs to breach 1868.50 to activate the positive effect of this pattern followed by rallying towards our positive targets that start at 1900.00 followed by 1915.00.

 

Therefore, our bullish overview will remain valid and active for the upcoming period, supported by the EMA50, noting that the continuation of the bullish wave requires holding above 1860.00 – 1856.00 levels.

 

The expected trading range for today is between 1850.00 support and 1885.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0735
0.0082
0.7702%
1.2535
-0.0027
0.2181%
22.106
0.194
0.888%
110.510
0.371
0.337%
113.90
0.48
0.42%
1865.920
9.485
0.511%
 
 
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