Gold price resumes its negative trades after the temporary rise that it witnessed yesterday, noticing that stochastic overlaps negatively now, to support the chances of continuing the bearish bias in the upcoming sessions, which gets continuous support by the EMA50, reminding you that our targets begin by breaking 1850.00 to confirm opening the way to head towards 1820.00 followed by 1780.00.
The bearish channel continues to organize the suggested bearish wave, which will remain valid conditioned by the price stability below 1890.00.
The expected trading range for today is between 1840.00 support and 1880.00 resistance.
The expected trend for today: Bearish