Midday update for Gold 16-01-2020
Economies.com
2020-01-16 10:07AM UTC
Gold price shows tight range trading since morning and it remains below 1556.70 level, therefore, there is no change on the bearish trend scenario that depends on the stability below the mentioned level, while its targets begin by breaking 1536.50 level to confirm the extension of the bearish wave to 1519.00.
The expected trading range for today is between 1530.00 support and 1565.00 resistance.
The expected trend for today: Bearish
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