Gold price hovers around the EMA50 since morning, and stochastic keeps losing the positive momentum, to keep the chances valid to resume the expected bearish trend for today, which depends on the price stability below 1797.00, reminding you that our targets begin at 1770.00 and extend to 1734.00 after breaking the previous level.
The expected trading range for today is between 1760.00 support and 1800.00 resistance.
The expected trend for today: Bearish