Midday update for Gold 10-01-2019
Economies.com
2019-01-10 11:10AM UTC
Gold price trades with slight negativity after approaching 1300.00 barrier this morning, as it is affected by stochastic negativity that appears clearly on the four hours’ time frame, and it might test the key support base 1286.70 before turning back to rise again.
In general, we will continue to suggest the bullish trend as long as the price is above the mentioned support, noting that our next main target is located at 1316.65.
Expected trading range for today is between 1285.00 support and 1316.00 resistance.
Expected trend for today: Bullish
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