Gold price declined to touch the upside channel’s support line, this channel controls the trading recently, and the price opens today’s trading with slight bullish bias attempting to resume the bullish trend which was suggested in our previous report.
Stochastic provides clear positive signals on the four hours time frame, which encourages us to continue suggesting the bullish trend for today, and our main target at 1447.00, while it requires stability above 1390.00 to achieve it.
Expected trading range for today is between: 1380.00 support and 1426.00 resistance.
Expected trend for today: Bullish