Midday update for Gold 18-01-2024
Economies.com
2024-01-18 10:54AM UTC
Gold price keeps its stability below 2016.90 level, to keep the bearish trend scenario valid and active for today, organized inside the bearish channel that appears on the chart, reminding you that our main waited target is located at 1977.46.
The EMA50 continues to support the expected bearish wave, which will remain valid unless the price rallied to breach 2016.90 followed by 2025.20 levels and hold above them.
The expected trading range for today is between 1990.00 support and 2025.00 resistance.
The expected trend for today: Bearish
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