Gold price shows more bullish bias to move away gradually from the minor bullish channel’s support line, reinforcing the epxectations of continuing the bullish trend for the rest of the day, supported by the positive signal provided by stochastic, reminding you that we are waiting to breach 1633.58 to confirm rallying towards 1689.33 as a next main station, reminding you that it is important to hold above 1571.22 to continue the suggested bullish wave.
The expected trading range for today is between 1580.00 support and 1635.00 resistance.
The expected trend for today: Bullish