Gold price ended yesterday's trading below 1254.56, to keep the bearish bias suggested for today, supported by the negative pressure provided by the EMA50, waiting to test 1229.32 level mainly.
We should note that the continuation of the expected decline depends on holding below 1254.56, as breaching this level will lead the price to regain its main bullish track again.
Expected trading range for today is between 1229.00 support and 1254.00 resistance.
Expected trend for today: Bearish