Gold price hovers around the bullish channel’s resistance line and still below it, to keep the bearish trend scenario valid and active for today, waiting to head towards 2707.00$ as a next main target.

 

We remind you that breaking 2744.00$ is required to reinforce the expectations to decline, which will remain valid unless breaching 2755.00$ and holding above it.

 

The expected trading range for today is between 2730.00$ support and 2765.00$ resistance.

 

Trend forecast: Bearish