Gold price kept its stability above the breached resistance of the main bearish channel, which forms key support base now at 1727.00, starting today with bullish bias in attempt to move away from this level, motivated by the positive signal provided by stochastic, which support the chances of continuing the positive scenario in the upcoming sessions, noting that our main waited target reaches 1765.00.
On the other hand, we should note that breaking 1727.00 will stop the suggested rise and press on the price to return to the main bearish track again.
The expected trading range for today is between 1720.00 support and 1760.00 resistance.
The expected trend for today: Bullish