Midday update for Gold 27-01-2021

2021-01-27 10:48:01 GMT (Economies.com)
 

Gold price keeps its stability below 1850.80, to keep the negative pressure valid for today, supported by the EMA50, waiting to head towards 1820.00 followed by 1800.00 levels as next main stations.

 

We need to note that breaching 1850.80 and holding above it will stop the expected decline and leads the price to return to the correctional bullish track again.

 

The expected trading range for today is between 1830.00 support and 1860.00 resistance.

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1346
-0.0058
0.5127%
1.3554
-0.0103
0.7569%
Tadawul
12238.77
-35.50
0.29%
24.347
1.336
5.803%
84.900
1.031
1.229%
87.69
-0.69
0.78%
1834.610
14.150
0.777%
 
 
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