The price of gold gained strong gains yesterday to settle around the resistance of the ascending channel now, which supports the continuation of the bullish scenario effectively during the coming sessions, paving the way for gold gains to reach 1350.00, noting that the negativity of the current Stochastic may force the price to provide some trades Temporary side by resuming the expected height.
In general, we will continue to swing the upside with support from SMA 50, unless we see a clear break below 1295.37.
The trading range for today is among the support at 1300.00 and resistance at 1350.00
The general trend for today is bullish
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