Gold prices stepped lower in early trading today, while leaning on the support of the 50-day SMA, with negative signals from the RSI while trying to gather momentum to rise anew, as it trades alongside the main upward medium-term trend line.
So we Prediect the stock to return higher, targeting the first resistance at 1,987, provided the support of 1,950 holds on.
Expected trading range for today is between the 1,920 support and the 1,970 resistance.