Gold price hovers around the symmetrical triangle’s resistance, and the price is affected by stochastic negativity that might press on the price to provide some negative trades, while in general, holding above 1400.30 keeps the bullish trend scenario active for the upcoming period, supported by the EMA50, reminding you that our main targets begin at 1438.90 and extend to 1500.00 after breaching the previous level.
The expected trading range for today is between 1410.00 support and 1445.00 resistance.
The expected trend for today: Bullish