Gold analysis

Gold price finds it difficult to consolidate above 1825.15, to trade negatively and test the EMA50 that continues to form strong support in front of the price. Together with the emergence of positive signs through the Stochastic Indicator, this encourages us to suggest resuming positive trades again. The price is waiting to breach the mentioned level to confirm heading towards 1860.00 as a next positive target. 

Therefore, the bullish trend scenario will remain active unless the 1813.00 level is broken and the price stabilizes below it. 

The expected trading range for today is between the support 1810.00 and the resistance 1840.00

The forecast trend for today: bullish

Author: GC
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