Commodities

Update: Gold price under negative pressure

2020-01-28 19:01:12 GMT (Economies.com)

Gold price faces negative pressure to break 1575.90 level and settles below it now, which urges caution from the upcoming trading, as closing the daily close below this level will push the price to achieve more decline and head to test 1554.10 areas before any new attempt to rise, while the price needs to step above 1575.90 to resume the bullish trend that its next target located at 1611.20.

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