Daily analysis of Gold for January 12, 2018



Gold price provided clear positive trading to move away from the key support 1,321.49. This supports the continuation of our bullish outlook for the rest of the day. The metal finds continuous positive support by the EMA50. Let me remind you that our next main target is located at 1,357.53, while holding above 1,321.49 represents the first condition to continue the suggested bullish wave. The expected trading range for today is between 1,320.00 support and 1,340.00 resistance.

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