Overview
The gold price traded with strong positivity yesterday moving away from the bullish trend line after a successful breach of 1,325.00 levels. This supports our bullish expectations on the intraday and short-term bases; and the way to our first main target at 1,375.00 is open. A breach of this level will extend the gold price gains to 1,400.00 as the next main station; while the bullish trend will remain valid and active unless breaking and holding below 1,312.00 and 1,297.75 levels. The expected trading range for today is between the 1,325.00 support and the 1,370.00 resistance.
The material has been provided by InstaForex Company - www.instaforex.com