Midday update for Gold 11-11-2021
Economies.com
2021-11-11 10:42AM UTC
Gold price resumes its positive trades to breach 1860.00 level and attempts to hold above it, which supports the continuation of the bullish trend scenario efficiently for the rest of the day, paving the way to head towards 1900.00 as a next main target, noting that the EMA50 supports the expected rise, noting that consolidating above 1860.00 represents initial condition to continue the suggested positive scenario.
The expected trading range for today is between 1830.00 support and 1870.00 resistance.
The expected trend for today: Bullish
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