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Gold prices have successfully breached the 1945.20 level and closed the daily candlestick above it. This solidifies expectations for the continuation of the bullish trend in upcoming sessions, with the next main target at 1977.25.
Although the current Stochastic indicator shows some negativity, it may lead to temporary sideways fluctuations before resuming the expected rise. It is worth noting that the EMA50 continues to provide steady positive support to the price. However, a break below 1945.20 would invalidate the positive scenario and trigger a reversal to the downside.
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The expected trading range for today is between support at 1935.00 and resistance at 1970.00.
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Today’s trend is expected to be bullish.
