Midday update for Gold 23-01-2023

1 week ago

Gold price shows some slight bearish rebound to test the minor bullish channel’s support line that appears on the chart, waiting to rebound bullishly to resume the expected bullish trend for today, which gets continuous support by the EMA50, waiting to visit 1950.00 as a next main station, noting that holding above 1920.35 is important to continue the bullish trend.


The expected trading range for today is between 1915.00 support and 1950.00 resistance.


The expected trend for today: Bullish

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