Midday update for Gold 28-01-2020

Economies.com
2020-01-28 11:47AM UTC

Gold price continues to fluctuate near 1575.90 and keeps its stability above this level, therefore, there is no change on our bullish trend expectations that targets 1611.20 level as a next main station, pointing that stochastic gains the positive momentum to support the expectations for rising, which will remain valid conditioned by holding above 1575.90 level.

 

The expected trading range for today is between 1570.00 support and 1600.00 resistance.

 

The expected trend for today: Bullish

 

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