Gold price could not manage to hold for long time below 1485.00, to test the EMA50 again, noticing that stochastic loses its positive momentum gradually and enters the overbought areas, waiting to motivate the price to resume the bearish trend that its first main target located at 1447.00.
Therefore, we will keep our bearish overview unless the price rallie to breach 1502.00 level and hold with a daily close above it.
The expected trading range for today is between 1475.00 support and 1502.00 resistance.
The expected trend for today: Bearish