Gold price shows new test to the key resistance 1238.30 and still below it until now, while stochastic keeps moving inside the overbought areas, to keep the chances valid to rebound bearishly and resume the expected bearish trend for today, which targets 1208.40 level as a next main station, taking into consideration that breaching the mentioned resistance will push the price to achieve gains that reach 1262.50 on the near term basis.
Expected trading range for today is between 1208.00 support and 1245.00 resistance.
Expected trend for today: Bearish