Gold price begins today’s trading with clear bullish bias to start testing 1238.30 level now, waiting to breach this level to open the way to achieve more gains on the intraday and short term basis, as our next target is located at 1262.50.
The EMA50 keeps supporting the suggested bullish wave, which its continuation conditions holding above 1220.00.
Expected trading range for today is between 1225.00 support and 1250.00 resistance.
Expected trend for today: Bullish