Gold price gets a negative signal – Analysis - 07-10-2021

Gold price begins today negatively, affected by the negative signals provided by stochastic, and we believe that the way is open to achieve more decline in the upcoming sessions, waiting to visit 1735.00 mainly, noting that breaking this level will extend the bearish wave to reach 1692.00.

Therefore, we will continue to suggest the bearish trend on the intraday basis as long as 1770.00 level remains intact, noting that breaking 1750.00 is required to ease the mission of achieving the waited negative targets.

The expected trading range for today is between 1735.00 support and 1770.00 resistance.

The expected trend for today: Bearish