Midday update for Gold 22-01-2019
Economies.com
2019-01-22 10:33AM UTC
Gold price trades with clear positivity after testing the neckline mentioned this morning at 1277.00, to approach the key resistance 1286.70, as the price is affected by stochastic positivity, while the EMA50 meets the mentioned resistance to add more strength to it.
Therefore, the bearish trend will remain suggested for today conditioned by the price stability below 1286.70, reminding you that our main waited target is located at 1262.50.
Expected trading range for today is between 1260.00 support and 1290.00 resistance.
Expected trend for today: Bearish
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