Gold price confirmed breaching the bearish channel’s resistance level by achieving a daily close above it, which stops the negative expectations and pushes the price to achieve gains in the upcoming period, where the positive targets begin at 1170.00 and extend to 1200.00.
The EMA50 supports the price from below, you should be aware that breaking 1135.50 level will turn the price to the bearish channel that appears in the image then regaining the main bearish trend.
Expected trading range for today is between 1135.00 support and 1170.00 resistance.
Expected trend for today: Bullish