Gold price provides new positive trades to surpass the EMA50, waiting to test 1302.60 level before turning back to decline again, noticing that stochastic shows clear overbought signals to support the expectations of resuming the bearish trend for today, which depends on the price stability below the mentioned resistance, while it targets 1275.30 level as a next main station.
The expected trading range for today is between 1275.00 support and 1305.00 resistance.
The expected trend for today: Bearish