Illustration photo of Gold Price H4 Chart from economies.com
Ending above 1928.60 yesterday, gold is expected to have more gains on the short- and medium-term basis, while noting that the next station is at 1970.00.
Current negative stochastic may cause a brief fluctuation sideways before continuing on its bullish trend. Breaking 1928.60 may press the price to test 1892.00 areas before any trying to rise.
Today’s expected trading range is between 1928.00 support and 1960.00 resistance.
FOLLOWME XAU/USD Overall Sentiment (As of 5:03 p.m., Jan 5, 2021)
Short - 54.94%
Long - 45.06%
Source: economies.com
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