Gold price rallies to the upside clearly to breach 1498.00 level and attempts to settle above it, providing signals for heading towrdas beginning recovery attempts on the intraday basis, we prefer staying aside temporarily until the price confirm its attitude from the mentioned level, pointing that confirming the breach will lead the price to achieve gains that begin at 1520.00 then 1550.00, while the trading below it again will reacenario that its next target at 1480.00
The expected trading range for today is between 1477.00 support and 1500.00 resistance.
The expected trend for today: Neutral