Gold price shows new attempts to breach 1238.30 level, waiting to confirm the breach to open the way to extend the bullish wave towards our next target that reaches 1262.50, to keep our bullish overview that gets continuous support by the EMA50, while holding above 1220.00 represents initial condition to continue the expected rise.
Expected trading range for today is between 1220.00 support and 1250.00 resistance.
Expected trend for today: Bullish