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Gold analysis for 26.11

26.11.2021

Market Review

Gold price is trading with noticeable positivity now: it tests the 1797.00 level and tries to breach it. This requires attention during future trading, as the price needs to stabilize below this level to keep the bearish trend active, which targets the 1770.00 level next.

Breaching 1797.00 and holding above it will push the price to achieve additional gains and test the 1825.15 level before any new attempt to decline.

The expected trading range for today: between the support 1780.00 and the resistance 1815.00

The forecast general trend for today: bearish

 

Author: GC
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