Gold price tests the intraday bearish channel’s resistance, waiting to resume the negative trades to break 1850.00 level and confirm extending the bearish wave towards 1820.00 followed by 1780.25 levels, noting that the EMA50 conitnues to support the expected bearish trend, which will remain valid conditioned by the price stability below 1890.00.
The expected trading range for today is between 1830.00 support and 1875.00 resistance.
The expected trend for today: Bearish