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Gold prices have made a significant break below the 1913.15 level, settling below it and reaching the 1900.00 region. This has activated the bearish trend scenario on an intraday basis, with the next targets being 1890.00, followed by 1875.00 levels.
Expect further declines in the upcoming period, driven by the negative pressure exerted by the EMA50. It’s important to note that breaching 1913.15 would halt the bearish scenario and potentially initiate intraday recovery attempts.
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Today’s expected trading range is between support at 1880.00 and resistance at 1913.00.
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Anticipated Trend for Today: Bearish
