Gold price ended yesterday with strong positivity, as it breached 2160.00$ level to activate the positive scenario again, and begins today with sharp rise to surpassed the positive target 2200.00$ and record new historical highs that reached 2222.85$, opening the way to continue the rise and achieve new gains on the short-term and medium-term basis, noting that the next station reaches 2235.00$.
The EMA50 supports the suggested bullish wave, and the price might witness some temporary sideways fluctuation affected by stochastic negativity before resuming the positive trades, noting that breaking 2195.00$ will stop the current rise and push the price to achieve some temporary bearish correction.
The expected trading range for today is between 2190.00$ support and 2230.00$ resistance.
Trend forecast: Bullish