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Where Did You Gold? - Bullish Trend Expected for Gold

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Where Did You Gold? - Bullish Trend Expected for Gold

Illustration photo of Gold Price H4 Chart from economies.com

The intraday price for gold settled at a bullish channel’s support line as the 50-day exponential moving average (EMA50) protects trading by meeting the support inside the mentioned channel. Meanwhile, positive signals provided by stochastic continues. 

The upcoming period notes a bullish trend by the price stability of the precious metal above $1905 while next target is $1970.

Today’s expected trading range is $1900 support and $1940 resistance.

FOLLOWME XAU/USD Overall Sentiment (As of 5:05 p.m., Jan 8, 2021)

Short - 50.68%

Long - 49.32%

Source: economies.com




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