Gold price trades negatively now to start pressing on the EMA50, waiting to break 1276.60 level to get a negative motive that supports the chances of heading towards our main waiting target at 1262.50, to keep our bearish overview for the rest of the day conditioned by the price stability below 1295.00.
Expected trading range for today is between 1265.00 support and 1295.00 resistance.
Expected trend for today: Bearish