Gold price breaks the support – Analysis - 21-01-2019
Economies.com
2019-01-21 04:56AM UTC
Gold price ended last week below 1286.70, which puts the price under expected negative pressure in the upcoming period, to head towards a potential test to 1262.50 mainly.
Therefore, we expect the continuation of the bearish bias in the upcoming sessions, noting that breaching 1286.70 and holding above it again will reactivate the bullish trend scenario that its next target located at 1316.65.
Expected trading range for today is between 1260.00 support and 1295.00 resistance.
Expected trend for today: Bearish
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