Gold price continues to decline to gradually approach our waited target at 1208.40, noting that it is important to monitor the price behavior when reaching this level, as breaking it will push the price to suffer more losses and head towards 1193.00 as a next main station, while bouncing bullishly and breach 1226.00 will motivate the price to start recovery attempts that target 1238.30 level initially.
Expected trading range for today is between 1205.00 support and 1226.00 resistance.
Expected trend for today: Bearish