Gold price keeps its stability below 1275.30, which keeps our bearish overview valid until now, supported by stochastic loss to the positive momentum gradually, besides the negative pressure formed by the EMA50, waiting to target 1253.20 as a next main station, reminding you that it is important to hold below 1275.30 and 1283.00 levels to continue the expected decline.
The expected trading range for today is between 1260.00 support and 1285.00 resistance.
The expected trend for today: Bearish