Gold price breaches the resistance – Analysis - 11-01-2022

2022-01-11 04:49:09 GMT (Economies.com)
 

Gold price breached 1797.00 level clearly and closed the daily candlestick above it, to stop the recently suggested negative scenario and turn to rise, on its way to visit 1825.15 level as a first main station.

 

Therefore, we expect to witness more bullish bias in the upcoming sessions unless breaking 1797.00 and holding below it.

 

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.1345
-0.0059
0.5191%
1.3610
-0.0047
0.3452%
Tadawul
12260.13
73.83
0.61%
24.138
1.126
4.891%
86.168
2.299
2.741%
87.65
0.19
0.22%
1840.250
19.790
1.087%
 
 
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