Gold price shows calm trades, settling above the EMA50, and it attempts to crawl gradually towards our waited positive target at 1238.30, while stochastic negativity blocks the positive attempts.
Therefore, we will keep the positive scenario for the upcoming sessions as it is unless breaking 1208.40 level and holding with a daily close below it.
Expected trading range for today is between 1210.00 support and 1240.00 resistance.
Expected trend for today: Bullish