Gold price shows weak trading since morning to hover around 1250.00 level, as the price is affected by stochastic negativity, while the EMA50 keeps supporting the price from below.
Therefore, we will continue to suggest the bullish trend in the upcoming sessions conditioned by the price stability above 1312.00 and 1297.75 levels, reminding you that our main targets begin by breaching 1375.00 level to open the way to extend the bullish wave towards 1400.00 followed by 1440.00.
Expected trading range for today is between 1332.00 support and 1380.00 resistance.
Expected trend for today: Bullish