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Gold price is currently trading positively, steadily approaching our anticipated target at 1873.50. This upward movement is backed by support from the EMA50, reinforcing the likelihood of a continued ascent that could extend further, possibly reaching 1913.15.
Therefore, our recommendation remains in favor of a bullish trend on an intraday basis. It’s crucial to keep in mind that a breach of 1847.50, followed by 1838.35, could signal a halt to the expected rise and a potential reversal.
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Today’s Expected Trading Range: 1850.00 – 1880.00
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Today’s Trend Outlook: Bullish
