Gold price achieved a strong break below the bullish channel to turn the intraday trading to the downside, approaching from suggested target at 1555.00
Now, more downside move will be preferred as long as the price is below the broken support, pointing that breaking below 1555.00 will provide strong negative signals that push the price to a decline that might reach the psychological barrier 1500.00
Expected trading range for today is between: 1540.00 support and 1584.00 resistance.
Expected trend for today: Bearish