Gold price shows calm positive trading on its way to resume the expected bullish trend on the intraday basis, affected by the completion of the bullish flag pattern that appears on the chart, organized inside the correctional bullish channel that carries the price to visit 1316.65 as a next main target.
Therefore, the bullish trend scenario will remain valid for the upcoming period supported by the EMA50, conditioned by the price stability above 1286.70.
Expected trading range for today is between 1290.00 support and 1316.65 resistance.
Expected trend for today: Bullish