Midday update for Gold 26-11-2020
Economies.com
2020-11-26 10:07AM UTC
Gold price returned to test the first key resistance at 1819.00 and bounced bearishly from there, to keep the bearish trend scenario active for today, supported by the negative pressure formed by the EMA50, reminding you that our targets begin by breaking 1794.84 to open the way to head towards 1765.00 as a next station, while holding below 1819.00 and 1830.00 represents key condition to continue the suggested decline.
The expected trading range for today is between 1780.00 support and 1825.00 resistance.
The expected trend for today: Bearish
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