update for Gold
Gold price shows slight bullish bias since morning affected by stochastic positivity, while the recent trading is confined inside a minor bullish channel that we believe it forms a continuation flag pattern that supports resuming the expected bearish trend for today, thus, breaking 12387.30 is required to push the price towards our main waited target at 1200.00.
We remind you that breaching 1252.00 followed by 1270.00 will stop the negative overview and push the price to rise again.
Expected trading range for today is between: 1213.00 support and 1250.00 resistance.
Expected trend for today: Bearish


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