Gold price was under a negative pressure yesterday that forced it to visit the minor bullish trend support which appears in the image – currently at 1657.00-, and as long as the trading is stable above this level, the intraday bullish trend will remain valid and preferred, and the targets still located at 1692.00.
Stochastic shows a clear oversold signs that support the positive expectations, pointing that breaking below 1657.00 will open the way for a direct decline reaches towards 1630.00.
Expected trading range for today is between: 1650.00 support and 1683.00 resistance.
Expected trend for today: Bullish