Gold price keeps its stability below 1182.00 level, which keeps the bearish trend scenario active until now, supported by the negative signal provided now by stochastic, waiting to motivate the price to resume the bearish bias that its next target located at 1156.40.
Note that breaching 1182.00 will push the price for an intraday bullish correction that targets 1195.71 areas and might extend to 1206.00 before any new attempt to decline.
Expected trading range for today is between 1155.00 support and 1190.00 resistance.
Expected trend for today: Bearish