Gold price provided clear negative trades in the previous sessions to reach the thresholds of the waited target at 1925.35, and we expect the continuation of the negative trades to break this level and rally towards 1890.00 areas on the near term basis.
Therefore, we will continue to suggest the bearish trend on the intraday basis, supported by the negative pressure formed by the EMA50, noting that holding below 1960.00 is important to achieve the waited targets.
The expected trading range for today is between 1910.00 support and 1945.00 resistance.
The expected trend for today: Bearish