Gold price managed to offer positive trading in yesterday’s evening to step above EMA50 and settle above it, to support our preferred bullish trend on the intraday basis, which is mainly targeting testing the strength of the correctional bearish channel resistance at 1692.00.
We remind you that the main factor that protects our expectations represented by holding above 1660.00
Expected trading range for today is between: 1660.00 support and 1692.00 resistance.
Expected trend for today: Bullish