Gold price continues to test the critical levels mentioned in our major technical reports, as it rallied positively touching levels above 1400.00 without managing to settle above it for long time, to fall strongly approaching the sensitive support line at 1353.00

We are still monitoring the price behavior according to the intraday and short term trend keys, taking into consideration the importance of watching the daily candlesticks' closing according to the mentioned levels.

The pair rallies to strongly the upside surpassing 1.0365 barrier which was mentioned in our major technical reports, which represents the key of the bullish trend continuation.

Our positive overview remains active, and a daily close above the mentioned level will open the way to head towards 1.0660

The pair retested 1.2990 level and declined quickly from there to resume the negative scenario approaching from 1.2800 barrier now.

EMA50 and stochastic support the suggested expectations for today.

The pair resumed the attempts to break below 0.8160, and it needs a daily close below this level to reinforce the chances of the bearish trend return which is supported by the EMA50.

Thus, we continue in monitoring the price behavior and the daily close according to 0.8160 and 0.8210 to confirm the next trend accurately.

Expected trading range for today is between: 0.8000 support and 0.8250 resistance.

Expected trend for today: Depends on the abovementioned levels