Gold price breached the bearish channel’s resistance clearly and head towards achieving expected gains in the upcoming sessions, making the bullish bias suggested for the rest of the day, waiting to test 1925.35 mainly, being aware that we need to monitor the price at this level, as breaching it will lead the price to continue the rise and open the way to visit 1960.00 areas on the near term basis, while holding against the bullish rally will press on the price to decline again.
The expected trading range for today is between 1905.00 support and 1930.00 resistance.
The expected trend for today: Bullish for the rest of the day