Gold price shows some slight bullish bias to approach to test the key resistance 1263.15, and as long as the price is below this level, our bearish overview will remain active, reminding you that the main waited target is located at 1240.85.
We should note that rallying to breach 1263.15 and hold above it represents the first positive key to regain the main bullish trend.
Expected trading range for today is between 1240.00 support and 1265.00 resistance.
Expected trend for today: Bearish