Gold price hits the first positive target – Analysis - 21-01-2021
Economies.com
2021-01-21 05:00AM UTC
Gold price settles at 1871.55 level after the bullish rally that it witnessed yesterday, attempting to breach it, which supports the chances of extending the correctional bullish wave on the intraday basis, waiting to visit 1888.30 as a bext positive target.
The EMA50 supports the price from below, to continue suggesting the bullish trend for the upcoming period unless breaking 1850.80 and holding below it.
The expected trading range for today is between 1855.00 support and 1890.00 resistance.
The expected trend for today: Bullish
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