Gold is currently testing a fresh retest of 1281.17 and is still below it. The bearish scenario remains intact, supported by the negative pressure formed by SMA 50, with a reminder of our main target at 1263.15.
A break of the target will push the price to 1240.85 directly, while breaching 1281.17 will lead the price to start recovery attempts and achieve positive targets starting at 1299.20.
The trading range for today is among the support at 1260.00 and resistance at 1281.17
The general trend for today is bearish