Gold price begins today’s trading with slight bearish bias to move below 1860.00, but we will depend on the daily close above this level to continue suggesting the bullish trend for the upcoming period, waiting to visit 1900.00 level mainly.
The EMA50 supports the suggested bullish wave, noting that failing to consolidate above 1860.00 will press on the price to achieve additional decline that targets testing 1825.15. areas before any new attempt to rise.
The expected trading range for today is between 1840.00 support and 1875.00 resistance.
The expected trend for today: Bullish