Gold price keeps its positive stability – Analysis - 28-01-2020

2020-01-28 05:59:54 GMT (Economies.com)
 

Gold price keeps its stability above 1575.90 level, which keeps the bullish trend scenario valid and active for the upcoming period, supported by the EMA50 that carries the price from below, waiting to visit 1611.20 level that represents our next main target.

 

We should note that breaking 1575.90 might press on the price to decline towards 1554.10 areas again before any new attempt to rise.

 

The expected trading range for today is between 1570.00 support and 1600.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0975
0.0160
1.4808%
1.2873
-0.0075
0.5769%
Tadawul
7628.34
-82.78
1.07%
17.874
-0.619
3.347%
46.565
-6.768
12.690%
51.97
-1.55
2.90%
1653.080
9.435
0.574%
 
 
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