Gold : Technical View : 25.11.2019
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On the daily chart, the price weakened and
fell by 0.14% in the previous trading session.
Moreover, the price has closed below the 20*50 day’s EMA, which adds weakness in the counter.
Furthermore, the price has breached below it’s Ichimoku Cloud, which confirms bearishness.
Also, Gold’s Heikin Ashi formed a strong red candle which suggest prices to fall further.
As per the above technical structure; we can expect a bearish move in the counter.
Moreover, the price has closed below the 20*50 day’s EMA, which adds weakness in the counter.
Furthermore, the price has breached below it’s Ichimoku Cloud, which confirms bearishness.
Also, Gold’s Heikin Ashi formed a strong red candle which suggest prices to fall further.
As per the above technical structure; we can expect a bearish move in the counter.