Gold (Spot) price succeeded to touch  1746.40 and attempts to break it, affected by the head and shoulders pattern that completed as appears on the chart, which reinforces the chances of extending the correctional bearish wave to reach 1730.30 as the next negative target.

Therefore, we expect to witness more decline in the upcoming sessions, noting that breaching 1760.00 will stop the current negative pressure and lead the price to resume the main bullish wave again.

The expected trading range for today is between 1730.00 support and 1760.00 resistance.

The expected trend for today: Bearish


Source :
Sent by Floora commodity