Gold price confirms the break
Gold price confirmed breaking 1556.70 level after closing the daily candlestick below it, to open the way to continue the decline in the upcoming sessions, as we expect targeting 1519.00 followed by 1495.00 levels as next main stations.
Therefore, the bearish bias will be expected for today, taking into consideration that breaching 1556.70 and holding above it again will reactivate the main bullish trend scenario that its next target located at 1617.00.
The expected trading range for today is between 1530.00 support and 1560.00 resistance.
The expected trend for today: Bearish