Gold price bounced bearishly after testing 1410.00 barrier, to approach 23.6% Fibonacci correction level of the last bullish wave, which urges caution from the upcoming trading, as continuing the negative pressure and breaking 1380.00 level will push the price for more bearish correction and test areas that might reach 1346.00 before any new attempt to rise.
Therefore, the stability above 1380.00 against the negative pressure is required to resume the bullish trend that its next main target located at 1433.60.
The expected trading range for today is between 1380.00 support and 1425.00 resistance.
The expected trend for today: Bullish