Gold price continued to rise on last Friday to approach our waited target at 1686.40, starting today with bearish bias to head towards potential test to the support base formed at 1660.00 after breaching it previously, to keep the chances valid to continue the bullish trend in the upcoming sessions.
Therefore, the positive scenario will remain active unless breaking 1660.00 and holding below it, noting that breaching 1686.40 will lead the price to head towards 1708.55 as a next positive target.
The expected trading range for today is between 1655.00 support and 1690.00 resistance.
The expected trend for today: Bullish