Gold price settles below 1797.00, and didn’t show any strong move yesterday, thus, the bearish trend scenario will remain valid as it is without any change, supported by the negative signals provided by stochastic and the EMA50, depending on the price stability below the mentioned level, reminding you that our waited target is located at 1770.00.
The expected trading range for today is between 1770.00 support and 1805.00 resistance.
The expected trend for today: Bearish