Gold price’s recent trades are confined within bullish pennant pattern that appears on the chart, thus, the price needs to breach 1296.00 level to get positive motive that reinforces the chances of heading towards our main waited target at 1316.65.
Therefore, we will keep our positive overview for the upcoming period conditioned by the price stability above 1286.70.
Expected trading range for today is between 1280.00 support and 1316.00 resistance.
Expected trend for today: Bullish