Gold price shows new negative trades to support the continuation of the expected bearish trend for today, which gets continuous support by the EMA50, waiting for more decline to reach the bearish channel’s support line at 1605.00, reminding you that the continuation of the bearish wave depends on the price stability below 1656.00.
The expected trading range for today is between 1605.00 support and 1640.00 resistance.
The expected trend for today: Bearish