Gold price hovers around 2166.30$ level and still consolidated above it, noticing that stochastic enters the oversold areas, waiting to motivate the price to resume the expected bullish trend for today, which targets 2222.86$ followed by 2239.00$ levels mainly.
The EMA50 meets the current support areas to add more strength to it and protect the positive scenario, which will remain valid unless breaking 2166.30$ and holding with a daily close below it.
The expected trading range for today is between 2170.00$ support and 2210.00$ resistance.
Trend forecast: Bullish