Gold price breaches the resistance – Analysis - 20-01-2022
Economies.com
2022-01-20 05:12AM UTC
Gold price ended yesterday above 1825.15 level, to confirm the continuation of the bullish wave on the intraday basis, on its way to visit 1860.00 as a next positive target.
Therefore, we expect to witness more rise in the upcoming sessions supported by moving above the EMA50, noting that breaking 1825.15 will stop the positive scenario and put the price under the negative pressure on the intraday basis.
The expected trading range for today is between 1825.00 support and 1860.00 resistance.
The expected trend for today: Bullish
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