Gold price under the negative pressure – Analysis - 27-01-2022
Economies.com
2022-01-27 05:27AM UTC
Gold price broke 1825.15 level strongly and ended yesterday below it, which stops the recently suggested positive scenario and lead the price to turn to decline, on its way to test 1797.00 level initially, noting that breaking this level will push the price to 1770.00 as a next negative station.
Therefore, the bearish bias will be suggested in the upcoming sessions unless breaching 1825.15 and holding above it again.
The expected trading range for today is between 1797.00 support and 1825.00 resistance.
The expected trend for today: Bearish
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