Gold price tests the key support – Analysis - 22-01-2019
Economies.com
2019-01-22 05:05AM UTC
Gold price tests 1277.00 level that represents the neckline of the double top pattern that appears on the chart, which means that breaking it will push the price to test 1262.50 level direct.
The EMA50 forms negative pressure agains the price, which encourages us to continue suggesting the bearish trend for the upcoming period, reminding you that holding below 1286.70 is important to continue the expected decline.
Expected trading range for today is between 1260.00 support and 1290.00 resistance.
Expected trend for today: Bearish
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