Gold price needs a positive motive – Analysis - 17-01-2019
Economies.com
2019-01-17 05:13AM UTC
Gold price continues to fluctuate within the bullish pennant that appears on the chart, waiting to breach this pattern’s resistance at 1295.50 to get a positive motive that pushes the price towards our next positive target that reaches 1316.65.
The EMA50 keeps supporting the price from below, to continue suggesting the bullish trend in the upcoming sessions conditioned by the price stability above 1286.70.
Expected trading range for today is between 1280.00 support and 1316.00 resistance.
Expected trend for today: Bullish
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