Gold price shows tight trading since yesterday, to settle around 1475.00, and as long as the price is below 1489.00, the correctional bearish trend scenario will remain valid for the upcoming period, organized inside the bearish channel that appears on the chart, waiting to resume the bearish bias that its initial targets located at 1461.00 followed by 1447.00.
The expected trading range for today is between 1460.00 support and 1485.00 resistance.
The expected trend for today: Bearish