Midday update for Gold 04-01-2021
Gold price succeeded to touch our waited target at 1928.60 and attempts to breach it, which supports our expectations of extending the bullish wave on the longer term basis, paving the way to head towards 1970.00 as a next main target, supported by the EMA50 that carries the price from below, reminding you that the continuation of the bullish wave requires holding above 1890.00.
The expected trading range for today is between 1905.00 support and 1940.00 resistance.
The expected trend for today: Bullish
Reprinted from Economies，the copyright all reserved by the original author.
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