Gold price did not show any strong move in the previous sessions, to keep fluctuating within sideways and tight track, while stochastic and the EMA continues to provides the positive signals.
Therefore, the bullish trend scenario will remain valid as it is without any change for the upcoming period conditioned by the price stability above 1599.10, reminding you that we are waiting to breach 1633.60 to open the way to head towards 1689.30 that represents our next main target.
The expected trading range for today is between 1600.00 support and 1650.00 resistance.
The expected trend for today: Bullish