Gold price shows some slight bullish bias to approach 1238.30 level, and as long as the price is below this level, our bearish overview will remain active, waiting to get negative motive that supports the chances of resuming the bearish bias that targets 1208.40 level as a next main station.
Expected trading range for today is between 1208.00 support and 1240.00 resistance.
Expected trend for today: Bearish