Gold price shows sideways and tight trades in the previous sessions, to remain stable below 1238.30, which keeps the bearish trend scenario active in the upcoming sessions, targeting testing 1208.40 level mainly.
Note that breaching 1238.30 will stop the expected decline and lead the price to head towards 1262.50 level mainly.
Expected trading range for today is between 1208.00 support and 1240.00 resistance.
Expected trend for today: Bearish