Gold price provides positive trading to approach the key resistance 1182.00, and as we mentioned this morning, holding below this level is important to continue the bearish trend scenario for today, as breaching it will push the price to visit 1210.00 areas before any new negative attempt.
Until now, we will continue to suggest the bearish trend for today conditioned by the price stability below 1182.00, supported by stochastic loss to the positive momentum, reminding you that our next main target is located at 1156.40.
Expected trading range for today is between 1155.00 support and 1180.00 resistance.
Expected trend for today: Bearish