Gold price managed to surpass the intraday bearish channel’s resistance and settles above it, which support the continuation of our bullish overview efficiently for the rest of the day, paving the way to head towards our first main waited target at 1800.00.
Moving above the EMA50 adds more confirmation to the continuation of the positive overview, which will remain valid unless breaking 1765.00 and holding below it.
The expected trading range for today is between 1760.00 support and 1790.00 resistance.
The expected trend for today: Bullish