Midday update for Gold 19-01-2024
Economies.com
2024-01-19 11:00AM UTC
Gold price shows additional positive trades to test the Ema50 that forms minor resistance at 2031.50, and as we mentioned this morning, breaching this level is required to reinforce the expected positive scenario for today, which its next main target located at 2065.70.
Therefore, we will continue to suggest the bullish trend for the upcoming sessions unless breaking 2016.90 and holding below it.
The expected trading range for today is between 2010.00 support and 2045.00 resistance.
The expected trend for today: Bullish
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