Gold price keeps its stability below 1299.20 level, to keep the correctional bearish pressure valid until now, supported by stochastic and the EMA50 negativity, waiting to head towards 1281.17 that represents our next main target.
The bearish channel organizes the correctional bearish channel, reminding you that breaching 1299.20 level will stop the expected decline and lead the price to start attempts to regain the main bullish trend again.
Expected trading range for today is between 1281.17 support and 1300.00 resistance.
Expected trend for today: Bearish