Gold price trades positively after retesting the previously breached resistance of the bullish flag pattern that appears on the chart, noticing that stochastic prepares to provide positive overlapping signal on the four hours’ time frame, which supports the continuation of our bullish overview for the rest of the day, waiting to test the previously recorded top at 1357.50 as a first station, reminding you that holding above 1321.40 represents key condition to continue the expected bullish trend.
Expected trading range for today is between 1320.00 support and 1345.00 resistance.
Expected trend for today: Bullish