Gold price loses momentum – Analysis - 30-01-2023
Economies.com
2023-01-30 05:03AM UTC
Gold price fluctuates around 1928.60 level, noticing that stochastic loses its positive momentum gradually, waiting to motivate the price to resume the expected bearish bias on the intraday basis, which targets testing the bullish channel’s support line that rises now to 1908.40.
Therefore, we will continue to suggest the temporary bearish trend, taking into consideration that breaching 1936.00 will stop the expected decline and lead the price to resume the main bullish trend again.
The expected trading range for today is between 1908.00 support and 1940.00 resistance.
The expected trend for today: Bearish temporarily
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