The gold price keeps its stability above 1,229.32 levels and above the correctional bearish trend resistance keeping the bullish trend active for today. The price is likely to test 1,254.56 levels initially. A breach of this level will open the way to head towards 1,295.37 as the next main station. Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking and holding below 1,229.32 levels. The expected trading range for today is between the 1,225.00 support and the 1,250.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
Overview
The gold price keeps its stability above 1,229.32 levels and above the correctional bearish trend resistance keeping the bullish trend active for today. The price is likely to test 1,254.56 levels initially. A breach of this level will open the way to head towards 1,295.37 as the next main station. Therefore, we will continue to suggest the bullish trend in the upcoming sessions unless breaking and holding below 1,229.32 levels. The expected trading range for today is between the 1,225.00 support and the 1,250.00 resistance.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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