Midday update for Gold 21-01-2020
Economies.com
2020-01-21 10:44AM UTC
Gold price faces clear negative pressure now to test the key support 1554.10, which urges caution from the upcoming trading, as the continuation of the bearish bias and breaking this level will put the price within the correctional bearish track again and stops today’s suggested positive scenario, noting that consolidating above the mentioned level will push the price to rise again and head towards 1575.90 as a first positive target.
The expected trading range for today is between 1555.00 support and 1585.00 resistance.
The expected trend for today: Bullish
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