Gold price shows sideways and tight trading since morning, settling below the intraday bearish channel’s resistance, and stochastic continues to provide the negative signals, to keep the bearish trend expectations that target 1180.00 level initially, reminding you that the continuation of the expected decline depends holding below 1208.40.
Expected trading range for today is between 1175.00 support and 1210.00 resistance.
Expected trend for today: Bearish