Gold price is affected by Stochastic negativity to visit the triangle support that appears in the image at 1375.00, where we still waiting for surpassing one of this triangle lines between the mentioned support and 1400.00 resistance to confirm the next intraday trend.
Thus, we continue in monitoring the price behavior in the upcoming period, pointing that there is a contradiction between Stochastic positivity which reaches the oversold levels, and the EMA50 negativity.
Expected trading range for today is between: 1340.00 support and 1447.00 resistance.
Expected trend for today: Depends on the abovementioned levels