Gold price leaned on the intraday bullish channel’s support line and attempts to build bullish wave now, to keep the bullish trend valid and active for the upcoming period, waiting to breach 1825.15 to confirm rallying towards 1860.00 as a next positive station.
The EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 1797.00.
The expected trading range for today is between 1797.00 support and 1835.00 resistance.
The expected trend for today: Bullish