The price of gold continued to fall and moved closer to the support of the ascending channel, and we notice that the price is starting to rebound higher as a sign of the resumption of the main uptrend at the heart of the ascending channel which appears on chart, en route to making gains that begin by testing the 2075.25 areas.
Therefore, the uptrend will be likely for today, supported by the positivity of the stochastic indicator, and the breakout of 2028.00 will make it easier for the price to reach the expected rise, paying attention to the fact that the breakout of 2006.00 will stop the uptrend and put pressure on the price to begin a short to medium term bearish correction.
The forecasted trading range for today is between support 2010.00 and resistance 2050.00