Gold recovers – Analysis - 23/01/2015
Economies.com
2015-01-23 05:51AM UTC
Gold price managed to confirm breaching 1294.50 level with a daily close above it, to revive the chances of resuming the bullish trend suggested in our previous reports, which depends on holding above 1285.00 level, while its next targets located at 1322.00 and 1345.00.
The price gets good support from the EMA50, reminding you that breaking 1285.00 level will force the price to visit 1263.50 level before any new attempt to rise.
Expected trading range for today is between: 1275.00 support and 1322.00 resistance.
Expected trend for today: Bullish
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