Gold price reaches the target – Analysis - 12-01-2022

2022-01-12 05:21:44 GMT (Economies.com)
 

Gold price reached few pips away from our waited target at 1825.15, and shows some slight bearish bias now, affected by stochastic negativity, while the EMA50 provides positive support to the price to encourage us to suggest more bullish bias in the upcoming sessions, reminding you that breaching the mentioned level will push the price to 1860.00 as a next positive target.

 

Therefore, the bullish trend will remain valid on the intraday basis unless breaking 1797.00 and holding below it.

 

The expected trading range for today is between 1805.00 support and 1835.00 resistance.

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0748
0.0095
0.8951%
1.2628
0.0065
0.5214%
22.083
0.171
0.783%
113.783
3.644
3.308%
117.32
-0.07
0.06%
1853.855
-2.580
0.139%
 
 
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