As we mentioned in our last update, gold hit 1600.00 which represents the full target for the double top pattern that appears in the image, and almost meets the current bearish channel support.
The price rebounds to the upside from the mentioned levels affected by Stochastic positivity, and that makes us suggest positive trading for today which is initially targeting retesting 1629.00, where breaching above it will open the way for more gains towards 1652.00.
We take into consideration that any negative pressure occurs on the price will push it to visit levels between 1590.00 and might reach 1583.00
Expected trading range for today is between: 1590.00 support and 1645.00 resistance.
Expected trend for today: Bullish