Gold price needs the positive momentum – Analysis - 24-01-2020
Economies.com
2020-01-24 05:44AM UTC
Gold price shows slight bearish bias now affected by stochastic negativity, while the EMA50 keeps providing the positive support to the price, to keep the chances valid to continue the expected bullish trend for the upcoming period, which targets visiting 1575.90 level initially.
Note that the continuation of the bullish wave depends on the price stability above 1554.10, while breaching the mentioned target represents the key to rally towards the previously recorded top at 1611.20 as a next main station.
The expected trading range for today is between 1550.00 support and 1575.00 resistance.
The expected trend for today: Bullish
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