Gold price confirms the breach – Analysis - 05-01-2021
Gold price ended yesterday above 1928.60, to confirm opening the way to achieve more expected gains on the short term and medium term basis, noting that our next station is located at 1970.00.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the main bullish trend, taking into consideration that breaking 1928.60 might press on the price to test 1892.00 areas before any new attempt to rise.
The expected trading range for today is between 1928.00 support and 1960.00 resistance.
The expected trend for today: Bullish
Reprinted from Economies，the copyright all reserved by the original author.
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