Gold price keeps its stability above the EMA50, while stochastic gets rid of its negativity to approach the oversold areas, waiting to motivate the price to resume the expected bullish trend on the intraday basis, which targets testing 1238.30 level mainly.
Holding above 1208.40 represents the most important condition to continue the expected rise.
Expected trading range for today is between 1215.00 support and 1240.00 resistance.
Expected trend for today: Bullish