Gold completes positive pattern – Analysis - 22-01-2018
Economies.com
2018-01-22 05:37AM UTC
The above chart shows that Gold price managed to breach minor bearish channel that forms bullish flag pattern, which provides positive motive that we are waiting to assist to push the price to continue the main bullish trend, as our next main target is located at 1357.50.
Therefore, the bullish trend will remain valid and active in the upcoming sessions, supported by the EMA50 that keeps carrying the price from below, noting that breaking 1321.40 will stop the expected rise and push the price to test 1299.20 areas initially before any new attempt to rise.
Expected trading range for today is between 1320.00 support and 1345.00 resistance.
Expected trend for today: Bullish
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