Gold price rallied upwards sharply on yesterday’s evening to achieve the positive target mentioned in our last technical update at 1439.00, to return to the main bullish track again, noting that breaching the mentioned level will extend the bullish wave to target 1500.00 areas in the upcoming period.
Therefore, the bullish trend will be suggested for the upcoming period unless breaking 1400.00 level and holding below it, as breaking it will push the price back to the correctional bearish track again.
The expected trading range for today is between 1410.00 support and 1440.00 resistance.
The expected trend for today: Bullish