Gold price begins today’s trading with calm rise that hints the attempt to resume the expected bullish trend on the intraday basis, noticing that stochastic provides positive signals now, to motivate the price to continue rising in the upcoming sessions, reminding you that our next target is located at 1262.51.
The EMA50 continues to support the suggested bullish wave, which its continuation conditions holding above 1238.30.
Expected trading range for today is between 1238.00 support and 1262.50 resistance.
Expected trend for today: Bullish