Gold price faces negative pressure now to head towards potential test to the bullish channel’s support line around 1928.00, and as we mentioned this morning, the price needs to hold above this level to keep the bullish trend active, which gets continuous support by the EMA50, noting that our next target extends to 1971.00, while breaking 1928.00 will push the price to suffer additional losses and visit 1900.00 areas before any new attempt to rise.
The expected trading range for today is between 1930.00 support and 1970.00 resistance.
The expected trend for today: Bullish