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Midday update for Gold 05-01-2021

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Midday update for Gold 05-01-2021
 

Gold price shows calm positive trades in attempt to resume the expected bullish trend for today, to keep the positive scenario valid and active for the rest of the day, depending on the price stability above 1928.60, reminding you that the waited target is located at 1970.00, which breaching it represents the key to rally towards the recently recorded top at 2074.90.

 

The expected trading range for today is between 1928.00 support and 1960.00 resistance.

 

The expected trend for today: Bullish

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