Gold price doidn’t show any strong move since morning, keeping the fluctuation near the EMA50, therefore, there is no change on our bearish trend expectations that conditioned by holding below 1208.40 level, while its targets begin by breaking 1190.00 level to open the way towards targeting 1180.00 then 1160.00 levels mainly.
Expected trading range for today is between 1180.00 support and 1208.00 resistance.
Expected trend for today: Bearish