Gold Silver Reports — Gold price didn’t show any strong move since morning, to keep fluctuating near 1285.00 level, noticing that stochastic gets rid of its negativity clearly and reaches the oversold levels thresholds, to provide positive motive that we wait to support the chances for bouncing higher in the upcoming period.
Therefore, the bullish trend scenario will remain valid as it is without any change as long as the price above 1243.17 level, supported by the EMA50, waiting for testing 1303.58 level as a next main station, reminding you that breaching this level will extend the price gains to reach 1344.85 directly.
Expected trading range for today is between $1272.00 support and $1308.00 resistance.
Expected trend for today: Sideways
