Gold price shows more sideways and tight trading and still below 1254.56, which keeps our bearish overview valid until now, waiting to resume the bearish bias that targets testing 38.2% Fibonacci correction level at 1229.32.
Therefore, we will continue to suggest the bearish trend in the upcoming sessions unless breaching 1254.56 level and holding with a daily close above it.
Expected trading range for today is between 1229.00 support and 1260.00 resistance.
Expected trend for today: Bearish