Gold price shows sideways trading since morning, settling around 1267.00 level, while stochastic shows overbought signals, waiting to motivate the price to rebound bearishly and resume the expected bearish trend on the intraday basis, which its next target located at 1250.00, while its continuation conditions holding below 1285.90.
Expected trading range for today is between 1250.00 support and 1275.00 resistance.
Expected trend for today: Bearish