Gold price tests the intraday bearish channel’s resistance, accompanied with stochastic reach to the thresholds of the overbought levels, as long as the price is belwo 1316.65, so our bearish trend expectations will remain active for today, waiting for resuming the decline that tragets 1299.00 then 1286.70 levels mainly.

The expected trading range for today is between 1286.00 support and 1320.00 resistance.

The expected trend for today: Bearish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.1048	-0.0046	0.4169%
The EURUSD confirms the break – Analysis - 24-01-2020
	GBP/USD	1.3125	0.0124	0.9557%

	Tadawul	8386.35	-41.86	0.50%

	Silver	17.813	-0.208	1.157%

	Oil	55.810	-2.967	5.049%
Crude oil price attempts to recover – Analysis - 24-01-2020
	Brent Oil	62.23	0.17	0.27%

	Gold	1560.775	3.860	0.248%
Gold price needs the positive momentum – Analysis - 24-01-2020

Live Forex Updates

EIA announces unexpected drop in US oil inventories

2020-01-23 16:25:29 GMT

ECB keeps interest rates unchanged

2020-01-23 12:54:15 GMT

Euro declines ahead of ECB rate decision

2020-01-23 08:32:13 GMT

Bank of Canada holds interest rates, but cuts growth forecasts

2020-01-22 18:02:54 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.