Gold price faces additional negative pressure to test 1960.00 level, which urges caution from the upcoming trading, as continuing the decline and breaking this level will stop the expected rise for today and push the price to suffer additional losses that reach 1928.60.
Stochastic and the EMA50 continue to provide the positive signals to keep the chances valid to continue the expected bullish trend on the intraday and short term basis, and the price needs to breach 1985.35 to ease the mission of rallying towards our next main target that reaches 2040.00.
The expected trading range for today is between 1960.00 support and 2010.00 resistance.
The expected trend for today: Bullish