Gold price hovers around the bullish channel’s resistance, and the price needs to get positive motive to reinforce the chances of resuming the bullish trend and breach 1411.80 level to confirm extending the bullish wave towards 1433.60 as a next main station.
In general, we will keep our bullish overview for today conditioned by the price stability above 1380.00, noting that the EMA50 keeps supporting the suggested rise.
The expected trading range for today is between 1390.00 support and 1425.00 resistance.
The expected trend for today: Bullish