31.01.2022
Gold price is trading below the 1797.00 level, to keep the negative pressure valid for the upcoming period, which targets visiting the 1770.00 level as the next main station.
Stochastic is starting to lose positive momentum to support the downside expectations, noting that breaching 1797.00 will stop the suggested negative scenario and lead the price to attempt to recover again.
The expected trading range for today is between the support 1770.00 and the resistance 1800.00
The forecast general trend for today: Bearish
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