Gold prices have exhibited a sideways trading pattern throughout the morning session, showcasing a consistent stability within a bearish channel as depicted on the chart. Market sentiment suggests an impending continuation of the bearish trend, with the next key targets situated at $1892.00 and subsequently $1873.50.
The bearish trajectory is anticipated to persist throughout the day, unless a notable price surge materializes, characterized by a breach of $1913.15 coupled with a sustained hold above this level.
In broader terms, the anticipated trading range for the day spans from a support level of $1885.00 to a resistance threshold of $1915.00. This range encapsulates the potential bounds within which gold prices may fluctuate for the session.
