Gold price recovers – Analysis - 30-01-2020
Economies.com
2020-01-30 05:49AM UTC
Gold price bounced bullishly yesterday after leaning on the EMA50, to breach 1575.90 level and closes the daily candlestick above it, which stops the intraday negative scenario and leads the price to return to the bullish trend again, on its way to achieve positive targets that start at 1611.20.
Therefore, the bullish bias will be suggested for today, noting that breaking 1575.90 and holding below it again will press on the price to decline towards 1562.00 followed by 1554.10 areas before any new attempt to rise.
The expected trading range for today is between 1570.00 support and 1595.00 resistance.
The expected trend for today: Bullish
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