Gold price still stable above 1205.00, which keeps the positive scenario valid on the intraday basis, which gets support from the EMA50, waiting to test 1225.00 initially, while breaching this level represents the key to extend the bullish wave towards 1244.00 then 1268.00.
It is important to note that breaking 1205.00 level will stop the current positive overview and push the price to test 1181.00 level directly.
Expected trading range for today is between 1190.00 support and 1230.00 resistance.
Expected trend for today: Bullish