Gold price was not able to settle below 1901.80 for long, to breach this level and settle above it again, which provides indications on the price direction to achieve expected gains during the upcoming sessions, on its way to visit 1934.86 again.
Therefore, a bullish bias will be likely for today, supported by moving above the SMA 50, bearing in mind that the breach of 1901.80 and stability below it will place the price under negative pressure that targets 1880.00 then 1860.90 as next major stations.
The expected trading range for today is between 1890.00 support and 1935.00 resistance
The expected general trend for today: Bullish
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