Gold price shows some bearish bias on its way for a potential test to the intraday bullish channel’s support line, while stochastic gets rid of its negative momentum gradually, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which targets 1346.73 level as a next main station, while holding above 1302.60 represents major condition to achieve it.
The expected trading range for today is between 1310.00 support and 1340.00 resistance.
The expected trend for today: Bullish