Gold price provides positive trading now to move away from the support base formed above 1208.40, which supports the continuation of our bullish trend expectations for the rest of the day, which its next main target located at 1238.30, reminding you that the EMA50 supports the suggested bullish wave, while holding above 1208.40 represents initial condition to continue the expected rise.
Expected trading range for today is between 1195..00 support and 1225.00 resistance.
Expected trend for today: Bullish