Gold price faced negative pressure this morning to attack 1734.00 level, but it returns to rise to rise and attempt to move above the intraday bullish channel’s support line, to keep the bullish trend scenario active for toda, supported by the positive signal provided by stochastic, depending on the price stability above the mentioned level, reminding you that our next target is located at 1765.00.
The expected trading range for today is between 1725.00 support and 1765.00 resistance.
The expected trend for today: Bullish