Gold price begins today's trading with calm positivity after the slight decline that it witnessed yesterday, waiting to test 1299.20 level initially, reminding you that breaching this level will confirm extending the bullish wave towards 1321.50 direct.
In general, we will keep our bullish trend expectations on the intraday basis conditioned by settling above 1281.17, noting that the EMA50 keeps supporting the suggested bullish wave by carrying the price from below.
Expected trading range for today is between 1280.00 support and 1305.00 resistance.
Expected trend for today: Bullish