Midday update for Gold 07-01-2021
Economies.com
2021-01-07 10:36AM UTC
Gold price shows positive trades in attempt to move away from the intraday bullish channel’s support line, motivated by the positive signal provided now by stochastic, waiting to surpass 1928.60 to reinforce the chances of continuing the rise for the rest of the day, which its next target located at 1970.00.
Therefore, our bullish overview will remain valid and active unless breaking 1900.00 and holding below it.
The expected trading range for today is between 1900.00 support and 1950.00 resistance.
The expected trend for today: Bullish
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