Gold price provided additional positive trades to touch the bearish channel’s resistance that appears on the chart, and begins to procide bearish rebound signals now, which hints heading to resume the main bearish trend, which targets 1735.00 as a next station.
Stochastic negativity supports the expected decline, noting that breaching 1770.00 will stop the negative scenario and lead the price to turn to rise.
The expected trading range for today is between 1740.00 support and 1770.00 resistance.
The expected trend for today: Bearish