FX.co ★ Daily analysis of Gold for January 19, 2018

Overview

Gold price keeps trading with a bullish bias to move away from the key support of 1,321.49. We still suggest the bullish scenario valid for the short term.Let me remind you that our next target is located at 1,357.53 as breaching it represents the key to rally towards 1,375.00 followed by 1,404.00 levels as the next main stations. Therefore, the bullish trend will remain dominant for the rest of the day unless breaking 1,321.49 level and holding below it. The expected trading range for today is between 1,320.00 support and 1,345.00 resistance.