Gold price settles around 1530.00 after the rise that it witnessed yesterday, getting continuous positive support by the EMA50, to support the chances of continuing the main bullish trend, carried by the bullish trend line that appears on the chart, waiting to resume the bullish bias that its next target located at 1555.00.
Holding above 1508.00 represents the first condition to continue the expected rise, as breaking it will press on the price to test the most important support to the short term trades at 1485.00 before any new attempt to rise.
The expected trading range for today is between 1515.00 support and 1550.00 resistance.
The expected trend for today: Bullish