Gold Extends Correction.

Gold Daily Technical Report

Gold price succeeded to touch our waited target at 1962.35 and settles near it, noticing that the price completed forming the double top pattern, to fall under negative pressure that we expect to surpass the mentioned level and open the way to achieve more bearish correction in the upcoming sessions, reminding you that the next target is located at 1933.30.

The technical indicators provide negative signals that support the continuation of the expected decline, which will remain valid conditioned by the price stability below 1975.25

The expected trading range for today is between 1950.00 support and 1980.00 resistance.

The expected trend for today: Bearish