Gold price opens today with strong rise to reach the waited target at 1945.20, and the way seems open to surpass this level and achieve additional gains that reach 1977.25 on the near-term basis.
Therefore, the bullish trend scenario will remain suggested for the upcoming period, supported by the EMA50 that continues to carry the price from below, taking into consideration that failing to breach 1945.20 will push the price to rebound bearishly and head to test 1913.15 areas again.
The expected trading range for today is between 1920.00 support and 1955.00 resistance.
The expected trend for today: Bullish