Gold price rises again – Analysis - 14-01-2022
1 year ago

Gold price provided additional negative trades yesterday and attebpted to move away from 1825.15 level, but we notice that the EMA50 formed good support the protect the price from suffering more losses, as the price bounced to trade above 1825.15 now, which keeps the bullish trend scenario valid and active for the upcoming period, waiting to visit 1860.00 as a next main target.


Therefore, we are waiting for more rise today supported by stochastic positivity, noting that failing to consolidate above 1825.15 will press on the price to decline again and test 1797.00 areas before any new attempt to rise.


The expected trading range for today is between 1810.00 support and 1840.00 resistance.


The expected trend for today: Bullish

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