The #gold# price tested the key resistance at 1945.20 and kept its stability below it, as it forms a solid barrier against the positive attempts, noticing that stochastic shows clear overbought signals now, waiting to motivate the price to resume the expected bearish wave on the intraday basis, which its next target reaches 1913.15.
The EMA50 supports the continuation of the suggested bearish wave, which will remain valid as long as the 1945.20 level remains intact, noting that surpassing the suggested target will push the price to suffer additional losses that reach 1893.00.
The expected trading range for today is between 1923.00 support and 1955.00 resistance.
The expected trend for today: Bearish
#FX# #XAU/USD# #Todayanalysis#
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