Gold price keeps its positive stability – Analysis - 23-01-2020
Economies.com
2020-01-23 05:36AM UTC
Gold price settles above 1554.10 level, and it gets continuous support by the EMA50, while stochastic begins the attempts to get rid of the negative momentum.
Therefore, we believe that the chances are valid to resume the expected bullish trend for the upcoming period, which targets 1575.90 level initially, noting that breaking 1554.10 will press on the price to test 1536.50 as a next negative target.
The expected trading range for today is between 1545.00 support and 1575.00 resistance.
The expected trend for today: Bullish
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