Gold price shows negative trading to start pressing on the key support 1238.30, which urges caution from the upcoming trades, as breaking this level will stop the recently suggested positive scenario and lead the price to turn to decline.
Until now, we will keep our bullish overview conditioned by the price stability above 1238.30, reminding you that our main waited target is located at 1262.51.
Expected trading range for today is between 1230.00 support and 1260.00 resistance.
Expected trend for today: Bullish