Gold price continues to rise – Analysis

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Gold price shows more bullish bias to approach gradually from the waited target at 1797.00, moving inside the bullish channel that appears on the chart, which supports the chances of surpassing the mentioned level and achieve more expected gains on the short term basis, noting that the next target reaches 1825.15.

 

The EMA50 supports the price from below, to continue suggesting the bullish trend in the upcoming sessions unless breaking 1770.00 and holding below it.

 

The expected trading range for today is between 1770.00 support and 1810.00 resistance.

 

The expected trend for today: Bullish


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