Gold price still confined within the bullish pennant pattern, noticing that stochastic begins to provide positive overlapping signal on the four hours’ time frame, waiting to motivate the price to resume the bullish trend that its next main target located at 1316.65.
Breaching 1295.00 will provide strong positive motive that eases the mission of achieving the mentioned target, while breaking 1286.70 will stop the expected rise and press on the price to turn to decline.
Expected trading range for today is between 1280.00 support and 1316.00 resistance.
Expected trend for today: Bullish