Gold price confirms the breach – Analysis - 31-01-2019
Economies.com
2019-01-31 05:15AM UTC
Gold price succeeded to confirm breaching 1316.65 level, as it ended yesterday’s trading above it, to reinforce the expectations of continuing the bullish trend within the bullish channel that appears on the chart, and the way is open to achieve our next waited target at 1335.00.
The EMA50 keeps supporting the price from below, waiting for more bullish bias in the upcoming sessions, noting that breaking 1316.65 will put the price under intraday negative pressure that might target testing 1286.70 areas before any new attempt to rise.
Expected trading range for today is between 1310.00 support and 1335.00 resistance.
Expected trend for today: Bullish
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