The gold price approaches from the bullish bias now after approaching from the targets mentioned in our last reports, where the price was affected by stochastic positivity. This provides signals for curving to the upside and an attempt to resume the main bullish trend after the temporary decline that controlled the last trading. Therefore, the bullish trend will be preferred in the upcoming sessions. A breach of 1,331.00 levels will confirm the continuation of the bullish wave on the short- term basis; positive targets begin at 1,375.00. A break of the 1,297.75 level will stop the suggested positive scenario and make the price decline to 1,249.95 mainly.
The expected trading range for today is between the 1,300.00 support and the 1,340.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The gold price approaches from the bullish bias now after approaching from the targets mentioned in our last reports, where the price was affected by stochastic positivity. This provides signals for curving to the upside and an attempt to resume the main bullish trend after the temporary decline that controlled the last trading. Therefore, the bullish trend will be preferred in the upcoming sessions. A breach of 1,331.00 levels will confirm the continuation of the bullish wave on the short- term basis; positive targets begin at 1,375.00. A break of the 1,297.75 level will stop the suggested positive scenario and make the price decline to 1,249.95 mainly.
The expected trading range for today is between the 1,300.00 support and the 1,340.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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