Gold price shows more decline to press on the bearish channel’s support line that appears on the chart, which supports the continuation of the bearish trend on the intraday and short term basis, which its next main target located at 1204.80, noting that the expected decline depends on holding below 1243.00.
Expected trading range for today is between 1210.00 support and 1240.00 resistance.
Expected trend for today: Bearish