Gold price resumes its negative trading after testing the intraday bearish channel’s resistance, to support the continuation of our bearish overview for the rest of the day, which targets 1692.00 as a next main station, reminding you that the EMA50 supports the suggested bearish wave, which will remain valid conditioned by the price stability below 1733.00.
The expected trading range for today is between 1692.00 support and 1725.00 resistance.
The expected trend for today: Bearish