Gold price fluctuates around the main bearish channel’s support line, while the overall bearish trend scenario still active as long as the price is below 1204.00 and 1210.00 levels, as breaching the last level will push the price to test 1236.00 areas before any new attempt to decline, while our next main target is located at 1180.55.
Expected trading range for today is between 1180.00 support and 1204.00 resistance.
Expected trend for today: Bearish