Gold price trades with clear positivity to surpass 1281.17 level and attempts to build support base above it, which supports the continuation of rising in the upcoming sessions, waiting to target 1299.20 level as a first main station.
Therefore, the bullish trend will be suggested for the rest of the day conditioned by holding above 1281.17, noting that closing the daily candlestick above the mentioned level is required to confirm the continuation of the bullish trend on the short term basis, to extend the next targets towards 1321.50 after surpassing the first target.
Expected trading range for today is between 1270.00 support and 1295.00 resistance.
Expected trend for today: Bullish for the rest of the day