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12.01.201817:25 Forex Analysis & Reviews: Daily analysis of Gold for January 12, 2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 12.01.2018 analysis

Overview

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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