Gold price tested the bearish pennant pattern’s resistance, and it needs to hold below 1800.00 to keep the bearish trend active on the intraday and short term basis, as breaching it will push the price to turn to rise, while breaking 1775.00 represents the key to resume the bearish wave that its next main target located at 1734.10.
The expected trading range for today is between 1760.00 support and 1800.00 resistance.
The expected trend for today: Bearish