Gold price shows sideways trading since morning settled below the critical resistance at 1263.15, therefore, our bearish trend expctations will remain active for today, and the price might be forced for more of the sideways fluctuation until it lose the positive momentum and it gets negative momentum that supports the expectations for moving lower.
Our next target is represented by testing 1240.85 level, while breaching 1263.15 reprseents positive motive that will push the price for achieving gains that begin at 1281.17.
Expected trading range for today is between 1240.00 support and 1265.00 resistance.
Expected trend for today: Bearish