Gold price begins today negatively to move below the minor bullish channel’s support line, to fall under the correctional bearish pressure again, noting that breaking 2722.00$ will confirm the continuation of the decline to head towards testing 2700.00$ areas as a next negative station.
Therefore, the bearish bias will be suggested for today, supported by stochastic current negativity, noting that breaching 2740.00$ will stop the expected decline and push the price back to the main bullish track.
The expected trading range for today is between 2700.00$ support and 2740.00$ resistance.
Trend forecast: Bearish
Origin: Economies
