Gold prices shows more bearish bias to test minor support base at 1929.00, waiting to surpass this level to confirm the continuation of the bearish trend and head towards 1913.15 that represents our next correctional station.
In general, the bearish trend will remain valid and active for the upcoming period supported by the EMA50 unless the price rallied to breach 1945.20 followed by 1958.40 levels and hold above them.
The expected trading range for today is between 1915.00 support and 1950.00 resistance.
The expected trend for today: Bearish