Gold price crawls downwards – Analysis - 18-01-2023
Economies.com
2023-01-18 05:41AM UTC
Gold price continues to decline to surpass 1900.00 barrier, which supports the continuation of the intraday bearish trend scenario, which targets testing 1885.00 as a next station, noting that breaking this level will push the price to visit 1865.00 before any new attempt to rise.
Therefore, the bearish trend scenario will remain suggested for the upcoming period unless the price managed to breach 1915.00 and hold above it.
The expected trading range for today is between 1880.00 support and 1910.00 resistance.
The expected trend for today: Bearish
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