Gold price within sideways track – Analysis - 26-01-2021
Economies.com
2021-01-26 05:39AM UTC
Gold price continues to fluctuate between 1850.80 support and 1871.55 resistance, which keeps our neutrality until now, and the price needs to surpass one of the mentioned levels to detect the next trend clearly.
Note that breaking the support will press on the price to resume the negative trades and head towards 1820.00 followed by 1800.00 levels as next negative stations, while breaching the resistance will push the price to achieve more bullish correction that targets 1888.30 followed by 1905.05 levels.
The expected trading range for today is between 1840.00 support and 1875.00 resistance.
The expected trend for today: Neutral
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