Midday update for Gold 18-01-2022
Economies.com
2022-01-18 12:05PM UTC
Gold price trades negatively to break 1815.00 level and settles below it, to activate the negative scenario for the rest of the day, on its way to test 1797.00 initially, noting that breaking this level will extend the bearish wave to reach 1770.00 as a next negative target, while the expected decline will remain valid unless the price rallied to breach 1825.15 and hold above it.
The expected trading range for today is between 1800.00 support and 1835.00 resistance.
The expected trend for today: Neutral
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