Gold price technical analysis 19/1/2017 indicate that gold price will watch a slight decline due to the selling process.
the selling process is due to the rise in the last few days, pushed investors for fast profit collecting. gold price will record 1203 U.S.D / Ounce of gold as an average of trading. we will watch fluctuate today in gold price.
Gold price technical analysis 19/1/2017 expectation for today
A fluctuate in gold price between 1200 and 1210 U.S.D / Ounce of gold is expected. Gold will make a support point at 1200 U.S.D / Ounce of gold and resistance at 1211.22 U.S.D / Ounce. General expectation for gold price is up trend. That expected trend would end if gold price declined to reach 1198.11 U.S.D of gold.
fast collecting process is recommended today due to the high fluctuate. U.S Spot market will be the common factor for gold price today. The Forex market eyes are heading toward the NY market today waiting for big companies move.