Gold price resumes its negative trades to head towards our next main waited target at 1275.30, which supports the continuation of our bearish overview for the rest of the day, noting that breaking the mentioned level will extend the bearish wave to reach 1253.20 as a next main station, while holding below 1302.60 represents key condition to continue the expected decline.
The expected trading range for today is between 1275.00 support and 1310.00 resistance.
The expected trend for today: Bearish