Gold price faces negative pressure to approach the bullish channel’s support line that appears on the chart, accompanied by stochastic reach to the thresholds of the oversold areas, waiting to motivate the price to rebound bullishly and resume the expected main bullish trend for today, which targets 1770.00 as a next main station, noting that the continuation of the suggested rise conditions holding above 1695.00.
The expected trading range for today is between 1700.00 support and 1750.00 resistance.
The expected trend for today: Bullish