Gold price opened today’s trading with clear bullish bias to test Friday’s recorded high at 1411.80, as it attempts to breach this level, waiting for a confirmed breach to rally towards our next positive target at 1433.60.
Stochastic and the EMA50 support the suggested bullish wave, which its continuation conditions holding above 1380.00.
The expected trading range for today is between 1390.00 support and 1425.00 resistance.
The expected trend for today: Bullish