27.01.2022
The gold price achieved a strong breach of the 1825.15 level and ended yesterday’s trading below it, which stops the suggested positive scenario in our recent reports and leads the price to shift to the downside, on its way to test the 1797.00 level initially, noting that breaking this level will push the price to 1770.00 as the next negative station.
Therefore, the bearish bias will be likely in the upcoming sessions unless the 1825.15 level is breached and stability above it again.
The expected trading range for today is between the support 1797.00 and the resistance of 1825.00.
The forecast general trend for today: Bearish.
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