Gold price resumes its positive trading to move away from 1977.25 level, reinforcing the expectations of continuing the bullish trend for the rest of the day, reminding you that our targets begin at 2000.00 and extend to 2016.90.
The EMA50 continues to support the suggested bullish wave, affected by the bullish flag pattern that appears on the chart, reminding you that it is important to hold above 1977.25 to achieve the expected targets.
The expected trading range for today is between 1975.00 support and 2005.00 resistance.
The expected trend for today: Bullish