Gold price bounced bearishly after testing the EMA50 this morning, to keep the bearish trend valid until now, waiting to visit 1142.60 level mainly.
Stochastic reaches the oversold areas now, which might cause some temporary sideways fluctuation before resuming the expected bearish trend, which its continuation requires holding below 1181.00 level.
Expected trading range for today is between 1140.00 support and 1185.00 resistance.
Expected trend for today: Bearish