Gold price resumes its positive trading to test the EMA50 now, waiting form ore rise for the rest of the day to visit 1489.00 that represents the main target of the suggested bullish wave, noting that breaching the mentioned level will lead the price to achieve more gains and head towards 1535.00 areas on the near term basis, while holding against the price’s rise will press on the price to rebound bearishly and resume the correctional bearish trend.
The expected trading range for today is between 1450.00 support and 1480.00 resistance.
The expected trend for today: Bullish