Gold price fluctuates near the first waited target at 1282.92, and we still waiting for breaching this level to open the way towards extending the bullish wave to 1300.00, where the price gets continuous support from the EMA50, but stochastic negativity explains the reasons for the current sideways fluctuation.
In general, we will keep our bullish trend expectations in the upcoming sessions unless breaking 1227.40 level and holding with a daily close below it, which will put the price within the bearish correctional track again.
Expected trading range for today is between 1260.00 support and 1300.00 resistance.
Expected trend for today: Bullish