Midday update for Gold 22-01-2021
Gold price trades with clear negativity now to start pressing on the key support 1850.80, and as we mentioned this morning, this level represents one of the next trend keys besides 1871.55 resistance, as the price needs to breach one of these levels to detect its next destination clearly.
Therefore, we will continue with our neutrality until we get clearer signal for the next trend, noting that the details of the expected targets after the breach are explained in our morning report.
The expected trading range for today is between 1845.00 support and 1885.00 resistance.
The expected trend for today: Neutral
Reprinted from Economies，the copyright all reserved by the original author.
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