Gold price breaks the support – Analysis - 07-01-2022
Economies.com
2022-01-07 04:54AM UTC
Gold price confirmed breaking 1797.00 level after ending yesterday below it, to activate the negative scenario on the intraday basis, on its way to visit 1770.00 as a next main target.
Moving below the EMA50 supports the expected decline, noting that breaching 1797.00 and holding above it will stop the current negative pressure and lead the price to recover again.
The expected trading range for today is between 1770.00 support and 1810.00 resistance.
The expected trend for today: Bearish
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