Gold price hovers around the EMA50, noticing that stochastic attempts to gain the positive momentum, waiting to motivate the price to resume the main bullish trend, which targets 1967.90 initially.
In general, we will continue to suggest the bullish trend for the upcoming period conditioned by the price stability above 1934.86, reminding you that breacing the targeted level will extend the bullish wave to 2008.80 as a next main station.
The expected trading range for today is between 1935.00 support and 1980.00 resistance.
The expected trend for today: Bullish