Gold price opens today’s trading with new bullish bias in attempt to resume the main bullish track, supported by the EMA50, while stochastic continues to move near the oversold areas.
Therefore, we believe that the chances are valid to trade positively in the upcoming sessions, waiting to visit 1450.00 level that represents our first main target, while holding above 1410.90 represents key condition to continue the suggested rise.
The expected trading range for today is between 1410.00 support and 1440.00 resistance.
The expected trend for today: Bullish