Gold price gets a negative motive – Analysis - 23-01-2024
Economies.com
2024-01-23 04:39AM UTC
Gold price keeps its consolidation above 2016.90 level, noticing that stochastic overlaps positively now, waiting to motivate the price to surpass the EMA50 that forms resistance against the intraday trades to open the way to rally towards our expected target at 2065.70.
Therefore, the bullish trend scenario will remain valid and active for the upcoming period, noting that breaking 2016.90 will push the price to achieve additional bearish correction that its next target reaches 1977.46.
The expected trading range for today is between 2010.00 support and 2045.00 resistance.
The expected trend for today: Bullish
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