Gold price ended yesterday’s trading below 1400.30 level, to keep the negative pressure valid, waiting to resume the bearish bias to visit 38.2% Fibonacci correction level at 1376.30, which represents our next main target.
Therefore, we will keep our bearish overview unless breaching 1400.30 followed by 1405.00 levels and holding above them, noting that breaking the mentioned level will extend the bearish wave to reach 1357.00 as a next main station.
The expected trading range for today is between 1376.00 support and 1410.00 resistance.
The expected trend for today: Bearish