Gold price fluctuates within tight track since morning and still within the intraday bearish channel, while the EMA50 continues to press negatively on the price, to keep our bearish overview that its first target located at 1180.00, while holding below 1208.40 represents key condition to continue the suggested decline.
Expected trading range for today is between 1175.00 support and 1210.00 resistance.
Expected trend for today: Bearish