Overview
The gold price has been trading sideways in a tight range above 1,227.40 levels since morning. Stochastic is still positive, so no changes are expected in the bullish trend scenario for today, which depends on the stability above the mentioned level. Its targets begin at 1,252.50 and extend to 1,282.92 followed by 1,300.00.
The expected trading range for today is between the 1,220.00 support and the 1,260.00 resistance.
The material has been provided by InstaForex Company - www.instaforex.com