Gold price shows clear positive trading in its way for a potential test to the bearish correctional channel’s resistance at 1502.00, accompanied with the issuance of clear overbought signals come from stochastic, waiting for bouncing lower to resume the expected bearish trend for today, which depends on the stability below the mentioned resistance, while its initial target is located at 1447.00.
The expected trading range for today is between 1475.00 support and 1502.00 resistance.
The expected trend for today: Bearish