Gold price managed to touch our waited target at 1960.00 and found solid support there, and by taking a deeper look at the chart, we find that the price forms double top pattern that might push the price to achieve more bearish correction in the upcoming sessions, which its targets might extend to 1925.35 followed by 1890.00.
Therefore, we expect to witness additional negative trades on the intraday basis, taking into consideration that breaching 2002.00 will stop the expected decline and lead the price to regain the main bullish trend again.
The expected trading range for today is between 1950.00 support and 1990.00 resistance.
The expected trend for today: Bearish
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