Gold price fluctuates around the EMA50, noticing that stochastic begins to provide negative overlapping signal now, waiting to motivate the price to resume the bearish bias to test 1797.00 as a first target, reminding you that breaking it will push the price to 1770.00 as a next negative target.
In general, we will continue to suggest the bearish trend for the upcoming period unless the price rallied to breach 1825.15 and hold with a daily close above it.
The expected trading range for today is between 1790.00 support and 1825.00 resistance.
The expected trend for today: Bearish