The re-testing of Gold targets

Gold trading settlement below rising channel resistance, and minor double top pattern is activated, We believe that it will have to re price 1300.00 prior uptrend again.


So, expect to see a downward bias in the interim before bouncing higher targeting 1360.00, 1300.00 aware that the break will reduce the current expansion to achieve the daily support of the ascending channel near 1275.00.

The trading range for today is expected:  Support and Resistance 1300.00 1340.00:

The expected trend for today:  Overall Bullish