Gold price crawls downwards slowly to gradually approach our waited target at 1319.26, waiting for more decline for the rest of the day, noting that breaking this level will extend the bearish wave to reach 1312.00 as a next station, while holding below 1336.20 represents key condition to continue the suggested decline.
The expected trading range for today is between 1310.00 support and 1340.00 resistance.
The expected trend for today: Bearish