Daily analysis of Gold for January 08, 2018

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Overview

The gold price shows some bearish bias after testing 1,321.49 levels this morning. As long as the price is above 1,299.20, our bullish overview will remain active for today, supported by the EMA 50 that carries the price from below. A breach of 1,321.49 levels is required to confirm heading towards 1,357.53 as the next main station. The expected trading range for today is between the 1,310.00 support and the 1,335.00 resistance.

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