Gold attempts recovery

Gold price shows some bullish bias to approach the key resistance 1797.00, affected by stochastic positivity, and the EMA50 continues to press negatively on the price, to support the chances of continuing the bearish trend that depends on the price stability below the mentioned resistance, while its next main target located at 1770.00.

The expected trading range for today is between 1770.00 support and 1805.00 resistance.

The expected trend for today: Bearish