Gold continues to fluctuate – Analysis - 06/10/2015

Gold price continues to fluctuate near the main bearish channel’s resistance level keeping its stability below this level, which keeps the chances valid for resuming the bearish trend on the intraday and short- term basis, and the price needs to break 1126.25 level to ease targeting 1103.00 level initially.

Stochastic heads to the downside to support the suggested decline, which its continuation conditioned by holding below 1137.00 level.

Expected trading range for today is between 1115.00 support and 1150.00 resistance.

Expected trend for today: Bearish