Gold price shows more bullish bias to reach the thresholds of 1300.00 barrier, which supports the continuation of our bullish overview on the intraday and short term basis, as our next target is located at 1316.65.
The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 1286.70.
Expected trading range for today is between 1286.00 support and 1316.00 resistance.
Expected trend for today: Bullish