Gold bearish in short-term; remains vulnerable but immediate downside pressure eases for now

Gold has turned increasingly bearish and has shifted out of a range in which it has been trading in since early October. Prices broke below the 1270-1300 range to trade under 1250 since last Thursday. On the 4-hour time frame, there was a bearish crossover of the 50 and 200-period moving averages...
Gold bearish in short-term; remains vulnerable but immediate downside pressure eases for now