Gold price resumes its negative trading now to move away from 1316.48 level, which supports the continuation of the expected bearish trend scenario efficiently in the upcoming period, supported by stochastic and the EMA50 negativity, waiting to target 1301.20 level mainly, reminding you that holding below 1323.50 represents key condition to continue the expected decline.
Expected trading range for today is between 1290.00 support and 1325.00 resistance.
Expected trend for today: Bearish