Gold price closed the last four hours’ candlestick below 1267.00 level, which supports the continuation of our bearish overview efficiently for the rest of the day, and the way is open to achieve our next target at 1250.00, followed by heading towards 1236.40 as an extended target on the near term basis.
Therefore, we are waiting for more decline unless breaching 1285.90 level and holding above it.
Expected trading range for today is between 1250.00 support and 1275.00 resistance.
Expected trend for today: Bearish