Gold price trades with clear positivity surpassing the bullish flag resistance mentioned this morning and attempts to hold above 1240.50, reinforcing the bullish overview on the intraday and short term basis, which gets continuous support from the EMA50.
Our next main target is located at 1286.00, while achieving it requires above 1230.00 and 1221.00 levels.
Expected trading range for today is between: 1221.00 support and 1260.00 resistance.
Expected trend for today: Bullish