Gold price bounced bearishly after approaching the waited positive target at 1925.35, to resume the main bearish track, waiting to break 1890.00 to confirm extending the bearish wave towards 1850.00 as a next negative target.
Therefore, we expect to witness negative trades in the upcoming sessions, supported by the negative signals provided by stochastic and the EMA50, noting that it is important to hold below 1925.35 to achieve the suggested targets.
The expected trading range for today is between 1870.00 support and 1910.00 resistance.
The expected trend for today: Bearish