Gold price under the negative pressure – Analysis - 04-01-2022

Economies.com
2022-01-04 05:17AM UTC

Gold price’s decline stopped at 1797.00 level that consolidated against the recent negative pressure, accompanied by witnessing clear positive signals through stochastic, waiting to motivate the price to rebound bullishly and reusme the positive trades, to head towards testing 1825.15 as a first station.

 

Therefore, the bullish bias will be suggested for today, noting that breaking 1797.00 will stop the expected rise and press on the price to decline towards 1770.00.

 

The expected trading range for today is between 1790.00 support and 1825.00 resistance.

 

The expected trend for today: Bullish

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