Gold begins negtaively – Analysis - 28-05-2018

Gold price opens this week by clear decline to move below 1301.20, after ending last week below it too, which reactivate the bearish correction scenario on the intraday basis, waiting to target 1285.90 level as a first main station.

Therefore, the bearish trend will be expected in the upcoming sessions unless breaching 1301.20 – 1307.00 levels and holding above them.

Expected trading range for today is between 1280.00 support and 1307.00 resistance.

Expected trend for today: Bearish