Gold remains steady below 1299.20, so the corrective correction remains intact, supported by stochastic negativity and SMA 50, awaiting the 1281.17 move which represents our next target.
The bearish channel organizes the corrective correction wave, noting that a break of 1299.20 will stop the expected decline and lead the price to start attempts to regain the bullish trend again.
The trading range for today is among the key support at 1281.17 and resistance at 1300.00
The general trend for today is bearish