Gold price decline stopped near the bearish channel’s support that located currently at 1200.00, showing some slight bullish bias affected by Stochastic positivity.
In general, the bearish trend keeps controlling the intraday and short term trading, and the targets surpass 1200.00 moving initially towards 1150.00, pointing that breaching above 1300.00 will open the way to test the bearish channel’s resistance at 1375.00
Expected trading range for today is between: 1200.00 support and 1260.00 resistance.
Expected trend for today: Bearish