Gold price kept its stability above the bullish trend line that rises now to 1341.00, which keeps the bullish trend scenario valid and active for the upcoming period, supported by the EMA50, while stochastic attempts to get rid of its negativity to gain positive momentum on the four hours’ time frame.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions, reminding you that our next main target is located at 1400.00, while achieving it conditions holding above 1303.58.
Expected trading range for today is between 1330.00 support and 1380.00 resistance.
Expected trend for today: Bullish