Overview
Gold price resumes its downward bias to approach our main waited target at 1,316.48. Let me remind you that breaking this level will push the bearish wave to reach 1,301.20 as a next station. In general, the expected decline will remain valid unless breaching 1,335.40 level and holding with a daily close above it. The expected trading range for today is between 1,316.00 support and 1,345.00 resistance.
