Gold price hovers around 1208.40 level since morning, and the price keeps moving inside the bullish channel that appears on the chart, depending on the price stability within this channel to continue suggesting the bullish trend for today, waiting to breach 1215.00 level to ease the mission of heading towards our waited positive target at 1238.31.
Therefore, we will keep our bullish overview for today conditioned by the price stability above 1200.00.
Expected trading range for today is between 1200.00 support and 1230.00 resistance.
Expected trend for today: Bullish