Gold price continues to fluctuate at the EMA50 and keeps its stability above it, while stochastic begins to provide positive overlapping signal now, waiting to motivate the price to resume the bullish bias in the upcoming sessions, which targets testing 1238.30 level mainly.
Therefore, we will keep our bullish overview unless breaking 1208.40 level and holding below it.
Expected trading range for today is between 1215.00 support and 1240.00 resistance.
Expected trend for today: Bullish