Gold price provides clear positive trades to test the key resistance 1208.40 now, which urges caution from the upcoming trading, as breaching this level will stop the morning suggested negative scenario and push the price back to the correctional bullish track.
Until now, we will keep our bearish overview unless the price closed the daily candlestick above 1208.40, noting that stochastic loses the positive momentum to support the expectations to decline, waiting to visit 1180.00 as a next main target.
Expected trading range for today is between 1180.00 support and 1210.00 resistance.
Expected trend for today: Bearish