Gold price resumes its negative trading to approach the key support 1285.90, waiting to break this level to confirm extending the bearish wave towards our next target at 1267.00.
Therefore, we will keep our bearish overview for today conditioned by the price stability below 1301.20, noting that stochastic loses its positive momentum to support the expectations to decline.
Expected trading range for today is between 1270.00 support and 1305.00 resistance.
Expected trend for today: Bearish