Overview
The gold price has been showing slightly negative trading in attempt to pull away from 1,229.32 levels, thus keeping the bearish trend expectations for today. If the price settles below the mentioned level, a breach of it will push the price to test the most important resistance for the short-term trading between 1,245.30 and 1,254.56. The EMA50 keeps placing the price under negative pressure supporting the chances for heading towards our next main target at 1,208.92. The expected trading range for today is between the 1,210.00 support and the 1,235.00 resistance.
