Gold price tested 2000.00 barrier again and bounced bearishly from there, to test the intraday bullish channel’s support line that appears on the chart, accompanied by witnessing positive signals through stochastic, waiting to motivate the price to resume the main bullish wave, which its next target reaches 2040.00.
Therefore, we will keep our overall bullish overview, and the price needs to surpass the previously recorded high at 2009.80 to confirm the continuation of the bullish wave, taking into consideration that breaking 1962.50 will stop the expected rise and press on the price to achieve bearish correction that its targets begin at 1933.20 and extend to 1885.90 after surpassing the previous level.
The expected trading range for today is between 1960.00 support and 2000.00 resistance.
The expected trend for today: Bullish