Gold price hovers near the EMA50, keeping its stability above the main bullish trend line, keeping the bullish trend scenario valid as it is in the upcoming period, and it needs a positive motive to spoort the chances for resuming the bullish bias that its next main targets at 1524.00 then 1555.00.
Holding above 1485.00 is important to achieve the suggested targets, where breaking it will push the price to begin a bearish correction on the intraday basis.
The expected trading range for today is between 1485.00 support and 1525.00 resistance.
The expected trend for today: Bullish