Gold price continues to fluctuate around the EMA50, and as long as the price is below 1208.40, our bearish overview will remain active, as breaching this level will lead the price to achieve gains that reach 1238.30 mainly, while breaking 1190.00 represents the key to activate the negative effect of the triple top that has the ability to push the price towards our waited targets, starting at 1180.00 followed by 1160.00.
Expected trading range for today is between 1180.00 support and 1208.00 resistance.
Expected trend for today: Bearish