Gold price approaches the target

Gold price traded with clear positivity yesterday to approach our waited target at 1977.25, and returns to decline to test the EMA50, affected by stochastic negativity, waiting to resume the positive trades to test the mentioned level, being aware that we need to monitor the price when reaching it, as breaching it represents the key to achieve additional gains that reach 2000.00 as a next station.

On the other hand, we should note that breaking 1945.20 will stop the expected rise and push the price to return to the correctional bearish track again, to head towards visiting 1929.00 followed by 1913.15 areas mainly.

The expected trading range for today is between 1945.00 support and 1977.00 resistance.