Gold price rose yesterday to approach 1800.00 level, and bounced bearishly to settle around 1775.00, which keeps the bearish trend scenario valid and active for the upcoming period, waiting to break 1770.00 to confirm the continuation of the bearish trend that targets 1734.10 as a next main station.
The EMA50 continues to support the suggested bearish wave, which will remain valid unless the price rallied to breach 1800.00 and hold above it.
The expected trading range for today is between 1755.00 support and 1790.00 resistance.
The expected trend for today: Bearish