Gold price fluctuates around the EMA50 since morning, while stochastic continues to provide the negative signals that we are waiting to push the price to break 1190.00 level and ease the mission of heading towards our first target at 1180.00.
In general, we will continue to suggest the bearish trend for the rest of the day unless we witnessed clear breach and hold above 1208.40.
Expected trading range for today is between 1175.00 support and 1208.00 resistance.
Expected trend for today: Bearish