Gold price continues to rally bullishly, to approach the expected positive target at 1825.15. It might also surpass this level to open the way for additional gains that reach 1860.00.
The moving average of 50 supports the price from below, therefore, a bullish trend is likely for the upcoming period, provided that the price remains above 1797.00, as breaking this level will pressure it to decline again.
The expected trading range for today: between the support 1810.00 and the resistance 1835.00
The forecast trend for today: bullish