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Gold analysis 24.01.2022

24.01.2022

Maintenance

Gold price rebounded upwards after testing the support floor 1830.00, to keep the bullish trend scenario valid and effective on the intraday term, organized within the bullish channel that appears on the image, waiting to visit the level of 1860.00 mainly.

The moving average 50 continues to support the suggested bullish wave, which will remain valid as long as it remains above 1825.15.

The expected trading range for today is between the support 1825.00 and the resistance 1855.00

The forecast trend for today: bullish

Author: GC
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