Gold cost kept pushing on 1263.15 levels to close the
everyday candlestick below it, which hints the value head to achieve more
declines in the upcoming time, supported by the cost move within the small
bearish channel that appears on the above chart, noting that the next target is
located at 1240.85.
Therefore, the bearish bias will be recommended for today,
supported by the negative pressure formed by the EMA50, noting that breaching
1274.00 represents the first key to stop the predictable decline and the cost
return to the main bullish trend again.
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