FX:XAUUSD   Or / Dollar Américain


Gold price has retested 1820.00 and maintains its stability below it until now, accompanied by the stochastic losing positive momentum and reaching overbought areas, while the SMA 50 continues to press negatively on the price.

Thus, these factors encourage us to continue suggesting the downside trend for the upcoming period, which targets 1765.00 as a next station, while the expected decline will remain valid unless the levels of 1820.00 then 1838.10 are breached and holding above it.

The expected trading range for today is between 1780.00 support and 1825.00 resistance

The expected general trend for today: Bearish
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