Gold price retests again – Analysis - 26-04-2019

Gold price show new retest process to the previously broken neckline of the tripl top pattern at 1282.00, and the price needs to hold below this level to keep the negative effect of this pattern active, waiting to resume the bearish bias and break 1275.30 level to reinforce the expectations of continuing the correctional bearish trend.

Therefore, we will keep our bearish overview unless breaching 1282.00 level and holding above it, reminding you that the waited correctional targets begin at 1253.20 and extend to 1231.10 after surpassing the previous level.

The expected trading range for today is between 1260.00 support and 1290.00 resistance.

The expected trend for today: Bearish