Gold price shows more tight trading that settles above the EMA50, while stochastic reaches the oversold areas now, to provide positive motive that we are waiting to assist to push the price to rise.
Therefore, we will keep our bullish overview unless breaking 1208.40 level and holding below it, 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