GOLD: The Bullish Trend is Maintained!

XAUUSD Gold Traders
01-29

$XAU/USD(XAUUSD.FOREX)$ $Gold - main 2502(GCmain)$ Technical: Gold price showed clear positivity in breaking above 2755 and settling above it, initiating a bullish wave during the day and heading towards the next major target of 2790.

Hence, the bullish trend is maintained today! There may be some sideways volatility influenced by stochastic negativity before then, currently waiting to gather positive momentum that will help propel the price to the desired target.

Note: A drop below $2740 will stop the bullish trend and push the price to start a bearish correction during the day.

Expect today's trading range to be between support at 2750 and resistance at $2785.

Trend forecast: bullish!

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