Gold price reaches the target – Analysis - 26-01-2023
Economies.com
2023-01-26 05:12AM UTC
Gold price resumed its positive trades strongly to reach our waited target at 1950.00, moving within bullish channels that support the chances of continuing the bullish trend on the intraday and short term basis, to head towards visiting 1971.00 as a next main station.
Therefore, the bullish trend scenario will remain active for the upcoming period, supported by the EMA50, noting that breaking 1928.00 will stop the expected rise and press on the price to test 1899.00 areas before any new attempt to rise.
The expected trading range for today is between 1930.00 support and 1970.00 resistance.
The expected trend for today: Bullish
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