Gold price resumes the decline – Analysis - 23-11-2023
Economies.com
2023-11-23 04:07AM UTC
Gold price traded with clear negativity yesterday to attack 1990.00$ barrier, reinforcing the expectations of continuing the bearish bias on the intraday basis, noting that the waited targets rise to 1984.00.
Breaking the mentioned level will extend the bearish wave to reach 1962.35 as a next negative station, taking into consideration that consolidating against the negative pressure will lead the price to resume the main bullish trend and head to test 2009.30 initially.
The expected trading range for today is between 1980.00 support and 2005.00 resistance.
The expected trend for today: Bearish temporarily
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