Gold price shows more sideways and tight trading settling below 1100.00 level, while stochastic reaches the overbought areas, to support the expectations of the waited bearish trend for today.
Therefore, we will continue to suggest the bearish bias that targets 1055.00 level initially, while its continuation conditions holding below 1142.60.
Expected trading range for today is between 1060.00 support and 1110.00 resistance.
Expected trend for today: Bearish