Midday update for Gold 25-01-2023

Economies.com
6 days ago

Gold price shows additional negative trades to press on 1928.00 level, which urges caution from the upcoming trading, as continuing the decline and breaking 1921.00 will stop the recently suggested positive scenario and force the price to achieve some bearish correction, while the price needs to trade above 1937.00 to regain the bullish trend that its next target located at 1950.00.

 

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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