Daily analysis of Gold for November 29, 2017



Gold price opens today's trading with a slight bullish bias to approach the key resistance of 1,299.20. As we mentioned in our recent articles, the price needs to breach this level to confirm a further bullish wave towards our next positive target at 1,321.50. In general, we still suggest the bullish trend in the upcoming sessions on the grounds of the EMA50 and stochastic. Let me remind you that breaking 1,281.17 will stop the suggested rise and push the price to test 1,263.15 areas before any new attempt to climb. The expected trading range for today is between 1,285.00 support and 1,310.00 resistance.

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