Gold price rally stopped below 1797.00, as it faced cluster of resistance lines that appear on the chart, accompanied by witnessing overbought signals by stochastic, to form negative factors that we expect to press on the price to rebound bearishly in the upcoming sessions.

Therefore, we expect to witness negative trades today, and the first main target is represented by testing 1770.00 level, taking into consideration that breaching 1797.00 will stop the expected decline and lead the price to achieve new rises that reach 1825.15.

The expected trading range for today is between 1770.00 support and 1800.00 resistance.

The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1346	-0.0058	0.5127%
Midday update for the EURUSD 21-01-2022
	GBP/USD	1.3554	-0.0103	0.7569%

	Tadawul	12238.77	-35.50	0.29%

	Silver	24.347	1.336	5.803%

	Oil	84.900	1.031	1.229%
Midday update for Crude oil 21-01-2022
	Brent Oil	87.69	-0.69	0.78%

	Gold	1834.610	14.150	0.777%
Midday update for Gold 21-01-2022

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