Midday update for Gold 27-01-2022

Economies.com
2022-01-27 10:48AM UTC

Gold price shows some slight bullish bias, affected by stochastic positivity, waiting to resume the negative trades that target testing 1797.00 as a first station, reminding you that breaking it will extend the bearish wave to reach 1770.00 as a next station, while the expected decline will remain valid conditioned by the price stability below 1825.15.

 

The expected trading range for today is between 1797.00 support and 1825.00 resistance.

 

The expected trend for today: Bearish

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