Gold price rallied strongly this morning to surpass our first target at 1205.00 and it approaches from the next target at 1225.00, and it shows bearish bias now to test the support base that was formed above 1205.00 level after the breach, which supports the continuation of our positive expectations for today efficiently, and monitoring the price behavior when reaching 1225.00 level is important, where breaching it will extend the gains to reach 1244.00 levels.
Note that the positive expectations will remain valid unless breaking 1181.00 level and holding below it.
Expected trading range for today is between: 1181.00 support and 1225.00 resistance.
Expected trend for today: Bullish