Gold price didn’t show any strong move since morning, to continue fluctuating near the bearish channel’s resistance, keeping its stability below it, to keep the negative pressure for today, which targets 1780.25 as a next main station, noting that breaching 1850.00 will stop the expected decline and lead the price to attempt to start new recovery attempts on the intraday basis.
The expected trading range for today is between 1790.00 support and 1830.00 resistance.
The expected trend for today: Bearish