Gold ended the trading session last Friday with a strong negative to settle without supporting the main bullish channel that appears in the picture, which turns the intraday and short term path towards the downtrend, on its way to go towards 1453.10 as the next major negative target.
SMA 50 supports the downside expectations, noting that a break of 1508.86 is required to confirm the continuation of the expected bearish trend, while a breakout of 1571.20 represents a positive factor that will stop the expected downside and lead the price to restore the main bullish path again. p>
The expected trading range for today is between 1508.00 support and 1544.00 resistance
Expected trend for today: Downside
