Gold price fluctuates within tight track since yesterday, noticing that stochastic approaches the oversold areas again, while the EMA50 keeps supporting the price from below.
Therefore, the chances are valid to resume the bullish trend in the upcoming sessions, as the expected main target is located at 1262.51, while breaking 1238.30 is a negative factor that will turn the intraday track to decline to test 1208.40 areas initially.
Expected trading range for today is between 1230.00 support and 1260.00 resistance.
Expected trend for today: Bullish