Gold price fluctuates positively by today’s open to head towards expected test to the bearish channel’s resistance, affected by stochastic positivity, waiting to resume the bearish trend that targets 1873.50 areas as a next main station.
The negative pressure formed by the EMA50 supports the suggested bearish wave, noting that breaching 1895.00 will push the price to achieve additional gains and head to test the key resistance 1913.15 before any new attempt to decline.
The expected trading range for today is between 1873.50 support and 1900.00 resistance.
The expected trend for today: Bearish