Gold price returns to fluctuate around the EMA50 after the calm decline that it witnessed yesterday, accompanied by stochastic losing the positive momentum again, which supports the chances of declining in the upcoming sessions to visit 1319.26 level that represents our next main target.
In general, we will continue to suggest the bearish trend on the intraday basis as long as 1336.20 level remains intact, reminding you that surpassing the mentioned target will extend the bearish wave to 1312.00.
The expected trading range for today is between 1310.00 support and 1340.00 resistance.
The expected trend for today: Bearish