Gold price settles below the EMA50, noticing that the price forms double top pattern that its signs appear on the chart, its confirmation level located at 1797.00, which means that breaking this level will motivate the price to decline towards 1770.00 direct.

Therefore, we will continue to suggest the bearish trend unless the price rallied to breach 1825.15 and hold above it.

The expected trading range for today is between 1785.00 support and 1825.00 resistance.

The expected trend for today: Bearish

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Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1346	-0.0058	0.5127%
Midday update for the EURUSD 21-01-2022
	GBP/USD	1.3554	-0.0103	0.7569%

	Tadawul	12238.77	-35.50	0.29%

	Silver	24.347	1.336	5.803%

	Oil	84.900	1.031	1.229%
Midday update for Crude oil 21-01-2022
	Brent Oil	87.69	-0.69	0.78%

	Gold	1834.610	14.150	0.777%
Midday update for Gold 21-01-2022

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