Overview
The gold price is trading downwards moving away from 1,301.20 levels, which keeps our bearish overview valid for today. Our next main target is located at 1,285.90; a breach of 1,301.20 – 1,303.80 levels will stop the expected decline and lead the price to regain its main bullish track again. The expected trading range for today is between the 1,280.00 support and the 1,307.00 resistance.