Gold price showed some bearish bias and bounced bullishly to resume the overall bullish trend, which still active depending on the price stability above 1962.50 level, supported by the EMA50 that carries the price from below, reminding you that our targets begin by breaching 2009.78 to open the way to head towards 2040.00.
Note that breaking the mentioned support line will stop the expected rise and press on the price to achieve additional bearish correction on the intraday basis.
The expected trading range for today is between 1980.00 support and 2020.00 resistance.
The expected trend for today: Bullish