Gold price is affected by stochastic positivity that shows some slight bullish bias, while the EMA50 continues its negative pressure on the intraday trading, to support the continuation of our bearish trend expectations in the upcoming period, targeting testing 1200.00 and 1187.00 levels mainly.
We remind you that holding below 1236.00 is important for achieving the suggested targets.
Expected trading range for today is between: 1187.00 support and 1236.00 resistance.
Expected trend for today: Bearish