Midday update for Gold 18-01-2023
Economies.com
2023-01-18 11:12AM UTC
Gold price rebounds upwards clearly to start attacking 1915.00 level, to hint the attempt to regain the bullish trend again, which makes us stay aside until we get clearer signal for the next trend, through breaching the mentioned resistance or breaking 1900.00 support.
Note that breaching the resistance will push the price to achieve new gains that start by testing 1928.60 and extend to 1950.00, while breaking the support will reactivate the negative scenario that its next target located at 1885.00.
The expected trading range for today is between 1890.00 support and 1928.00 resistance.
The expected trend for today: Neutral
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