Gold price shows clear positive trades since morning to touch our first waited target at 1599.10, waiting for more rise to breach this level and confirm the extension of the bullish wave towards our next station at 1633.60, noting that stochastic provides positive signals that support the expectations to rise.
Therefore, the bullish trend scenario will remain valid for today unless breaking 1571.20 level and holding with a daily close below it.
The expected trading range for today is between 1570.00 support and 1610.00 resistance.
The expected trend for today: Bullish