Gold price settles at the key resistance 1316.65, and the price might be forced for some decline affected by the strength of this resistance besides stochastic negativity before resuming the positive attempts again, as we suggest breaching the mentioned level supported by the price move inside the bullish channel that appears on the chart followed by extending the bullish wave to reach 1335.00 as a next main station.
Therefore, the bullish trend will remain suggested unless breaking 1286.70 level and holding below it.
Expected trading range for today is between 1300.00 support and 1330.00 resistance.
Expected trend for today: Bullish