Gold price shows some bullish bias on its way for a potential test to the bearish channel’s resistance, as the price is affected by stochastic positivity, but the EMA50 continues to press negatively on the price, to keep the bearish trend suggested for today, which conditions holding below 1195.00 level, noting that our next main target is located at 1173.00.
Expected trading range for today is between 1170.00 support and 1195.00 resistance.
Expected trend for today: Bearish