Midday update for Gold 06-01-2022
Economies.com
2022-01-06 10:38AM UTC
Gold price faces additional negative pressure to break 1797.00 and attempts to hold below it, to hint heading to achieve more decline in the upcoming sessions, and the price needs to confirm the break to open the way to rally towards 1770.00 as a next negative station.
Until now, our neutrality will remain valid until the price confirms breaking 1797.00 support or breaching 1825.15 to confirm the next destination clearly.
The expected trading range for today is between 1780.00 support and 1825.00 resistance.
The expected trend for today: Neutral
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