Daily analysis of Gold for November 25, 2016

Overview

The gold price trades with clear positivity now in attempt to move away from 1,172.68 levels, which supports continuation of our bullish overview for the upcoming period. The price is likely to test the 1,211.31 level as the next main target. Therefore, the bullish bias will remain suggested for the rest of the day conditioned by the price stability above 1,172.68. A breach of the targeted level will extend gold price gains to 1,249.94 as the next main station. The expected trading range for today is between the 1,160.00 support and the 1,211.00 resistance.

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