Gold price awaits confirmation signal – Analysis - 25-01-2021
Economies.com
2021-01-25 02:24AM UTC
Gold price remains confined between the critical levels that are represented by 1850.80 support and 1871.55 resistance, which makes us stay neutral until confirming breaching one of these levels then detecting its next targets clearly.
Remidning you that breaking the mentioned support will push the price to decline towards 1838.10 then 1800.00 as next main stations, while braeching the resistance represents the extension key of the bullish correctional wave on the intraday basis to target 1888.30 then 1905.05 mainly.
The expected trading range for today is between 1840.00 support and 1875.00 resistance.
The expected trend for today: Neutral
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