Gold price settles at the first key support 1489.00, and the price falls under the pressure of moving below the EMA50, while stochastic reaches the oversold areas to provide positive support to the price.
Therefore, the contradiction between the technical factors still valid, and the price needs to breach one of the key levels represented by 1485.00 support and 1530.00 resistance to detect its next targets clearly, reminding you that breaking the mentioned support will press on the price to achieve extended correctional bearish targets that reach 1447.00 followed by 1413.10, while breaching the resistance will confirm the price return to the main bullish trend, which its targets begin at 1555.00.
The expected trading range for today is between 1475.00 support and 1515.00 resistance.
The expected trend for today: Neutral