gold price technical analysis

gold price technical analysis 20/1/2017 indicate that gold price will decline slightly.

the decline in gold price pushed by the Asian market selling process. that decline will end by the beginning of the american trading here in New York.

SMA 50 continues to support the price down. but every thing will change, we will watch a rise. Gold price will record at the beginning of trading 1200.11 U.S.D / Ounce of gold.

gold price technical analysis

Yellow metal  price pushed up by the US president Trump. Investors had a fear from Trump, so they run to gold as a safe investment.
Expected trading range for today is between the support and resistance 1197.10 1230.00 U.S.D / Ounce of gold

General tendency expected for today: UP

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