Gold price attempts to recover – Analysis - 13-01-2020
Economies.com
2020-01-13 05:44AM UTC
Gold price attempted to breach 1556.70 level but it begins today with bearish bias to move below it, which keeps the bearish trend scenario valid for the upcoming period, supported by the negative overlapping signal provided by stochastic now, waiting to head towards our main targets that begin at 1536.50 and extend to 1519.00.
Note that breaching 1556.70 and holding above it will stop the correctional bearish scenario and leads the price to regain the main bullish track.
The expected trading range for today is between 1535.00 support and 1565.00 resistance.
The expected trend for today: Bearish
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