Overview
Gold price begins today's trading with calm positivity after a slight decline yesterday. We are waiting until gold tests 1,299.20 level initially. Let me remind you that breaching this level will confirm a further bullish wave towards 13,21.50 directly. In general, we will keep our bullish expectations on the intraday basis conditioned by settling above 1,281.17. Please note that the EMA50 keeps supporting the suggested bullish wave by carrying the price from below. The expected trading range for today is between 1,280.00 support and 1,305.00 resistance.
The material has been provided by InstaForex Company - www.instaforex.com