Gold price breaks the support – Analysis - 27-01-2021
Economies.com
2021-01-27 05:06AM UTC
Gold price broke 1850.80 level and settles below it now, to activate the bearish trend scenario on the intraday basis, which its next targets located at 1820.00 followed by 1800.00.
Therefore, the bearish trend will be expected for the upcoming sessions supported by the negative pressure formed by the EMA50, noting that the continuation of the expected decline requires holding below 1850.80.
The expected trading range for today is between 1830.00 support and 1860.00 resistance.
The expected trend for today: Bearish
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