Gold price shows some bullish bias to test the EMA50, accompanied by stochastic loss to the positive momentum gradually, to support the chances of resuming the expected bearish trend for today, which targets testing 1376.30 mainly, noting that breaching 1400.00 will stop the current correctional bearish scenario and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1370.00 support and 1400.00 resistance.
The expected trend for today: Bearish