Gold price hits the target – Analysis - 03-01-2022
Economies.com
2022-01-03 06:00AM UTC
Gold price managed to achieve our waited target at 1825.15 and closed positively above it, which support the chances of achieving more expected gains on the intraday basis, as the next target extends to reach 1860.00.
Therefore, we expect to witness more rise in the upcoming sessions, supported by the EMA50, taking into consideration that failing to consolidate above 1825.15 will stop the bullish bias and press on the price to test 1797.00 areas again.
The expected trading range for today is between 1810.00 support and 1845.00 resistance.
The expected trend for today: Bullish
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