Gold price shows more bearish bias to begin pressing on 1180.00 level, waiting to surpass this level to confirm rallying towards our next target at 1160.00, noting that the EMA50 continues to support the suggested bearish wave, which its continuation conditions holding below 1190.00 and the most important below 1208.40.
Expected trading range for today is between 1165.00 support and 1200.00 resistance.
Expected trend for today: Bearish