Gold price presses negatively on 1470.00 level and trades below it now, which urges caution from the upcoming trading, as settling below this level will today’s suggested positive scenario and press on the price to resume the correctional bearish trend that its next target located at 1447.00, while stepping above 1470.00 will push the price to rise again and visit 1489.00 mainly.
The expected trading range for today is between 1460.00 support and 1490.00 resistance.
The expected trend for today: Bullish