Gold price resumes the rise – Analysis - 26-01-2022
Economies.com
2022-01-26 04:55AM UTC
Gold price resumed its positive trading clearly yesterday, reinforcing the expectations of continuing the bullish trend domination, organized inside the bullish channel that appears on the chart, getting continuous positive support by the EMA50, waiting to test 1860.00 level, which breaching it represents the key to rally towards 1900.00 barrier as a next main station.
Holding above 1825.15 is important to continue the expected rise, as breaking it will press on the price to turn to decline and achieve negative targets that start by visiting 1797.00 areas.
The expected trading range for today is between 1835.00 support and 1865.00 resistance.
The expected trend for today: Bullish
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