Midday update for Gold 18-01-2019
Economies.com
2019-01-18 10:39AM UTC
Gold price presses negatively on the key support 1286.70, and the price needs to hold above this level to keep the bullish trend active for the upcoming period, as confirming breaking it will put the price under negative pressure that targets 1262.50 areas mainly, while breaching 1295.00 is required to reinforce the positive overview that targets 1316.65 level as a next main station.
Expected trading range for today is between 1280.00 support and 1316.00 resistance.
Expected trend for today: Bullish
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