Gold price continued its decline and begins today’s trading with clear negativity achieving a break below 1555.00, and as we mentioned yesterday that this break will confirm more losses for the price, where the target now is the most sensitive support level at 1520.00
EMA50 keeps pressing negatively on the intraday trading, where Stochastic attempts to stop the continuous decline.
Expected trading range for today is between: 1520.00 support and 1565.00 resistance.
Expected trend for today: Bearish