Gold analysis 13.01.2022

Gold price closed the daily candle above the level of 1825.15, reinforcing the expectations of the continuation of the bullish trend on the intraday basis, and waiting to obtain a positive incentive to contribute to pushing the price towards the level of 1860.00, which represents our next main target.

Therefore, we will continue to suggest the bullish trend for the upcoming period, taking into consideration that failure to consolidate above 1825.15 will pressure the price to decline towards 1797.00 areas again before any new attempt to rise.

The expected trading range for today is between the support 1810.00 and the resistance 1840.00

The forecast trend for today: bullish

Author: GC
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