Gold price keeps its negative stability – Analysis - 28-01-2021
Economies.com
2021-01-28 05:37AM UTC
Gold price bounced bearishly again after retesting 1850.80 level, to resume the expected bearish track on the intraday basis, which targets 1820.00 followed by 1800.00 levels as next main stations.
The EMA50 keeps supporting the expected bearish wave, taking into consideration that breaching 1850.80 will stop the suggested decline and leads the price to resume the correctional bullish track again.
The expected trading range for today is between 1820.00 support and 1850.00 resistance.
The expected trend for today: Bearish
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