No news for Gold price – Analysis - 11-12-2019

2019-12-11 05:41:21 GMT (Economies.com)
 

The tight range keeps controlling the Gold price’s trading, which moves within te minor bullish channel that forms a potential bearish continuation flag, noticing that stochastic provides a negative overlapping signal now, which forms a negative motive that we expect to assist to push the price to resume the bearish trend that its targets begin at 1447.00 and extend to 1413.10, while hodling below 1467.00 represents the initial condition for achieving the suggested targets. 

 

The expected trading range for today is between 1445.00 support and 1470.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1025
-0.0069
0.6179%
1.3073
0.0072
0.5534%
Tadawul
8333.95
-52.40
0.62%
18.104
0.083
0.458%
54.273
-4.505
7.665%
60.77
-1.26
2.03%
1570.630
13.715
0.881%
 
 
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