Gold price settles at 1755.25 level, falling under continuous negative pressure coming by the EMA50, to support the chances of breaking this level and head to achieve more negative targets that reach 1726.60.
Therefore, we expect the continuation of the domination of the bearish trend in the upcoming sessions, noting that breaching 1779.25 will stop the expected decline and lead the price to turn to rise.
The expected trading range for today is between 1735.00 support and 1770.00 resistance.
The expected trend for today: Bearish