Gold price shows calm positive trading in attempt to move away from the bearish channel’s resistance line, to keep the bullish trend scenario suggested for today, which targets testing 1489.00 level before turning back to resume the correctional bearish trend, reminding you that the continuation of the bullish bias depends on the price stability above 1470.40.
The expected trading range for today is between 1460.00 support and 1490.00 resistance.
The expected trend for today: Bullish