Gold price gathers the positive momentum – Analysis - 21-01-2022
Economies.com
2022-01-21 05:19AM UTC
Gold price fluctuates within sideways track since yesterday, noticing that stochastic gets rid of its negativity to gain the positive momentum gradually, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which targets 1860.00 as a next main station.
Therefore, the positive scenario will remain valid and active for the upcoming period supported by the EMA50, reminding you that it is important to hold above 1825.15 to continue the expected rise.
The expected trading range for today is between 1825.00 support and 1860.00 resistance.
The expected trend for today: Bullish
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