Gold price shows sideways trading again, leaning on the EMA50, noticing that stochastic returns to the oversold areas, waiting to motivate the price to rebound bullishly and resume the bullish bias on the intraday basis.
In general, we will continue to suggest the bullish trend as long as 1208.40 level remains intact, reminding you that our main waited target is located at 1238.30.
Expected trading range for today is between 1210.00 support and 1240.00 resistance.
Expected trend for today: Bullish