Overview
Gold price keeps on trading higher, bouncing off 1,299.20 level. Traders are waiting until this level is breached to confirm the extension of gold gains to reach 1,321.50 on the near-term basis. In general, we will keep our positive expectations for today unless 1,281.17 level is broken and the price is holding below it. Breaking this level will push the price to test 1,263.15 before any new attempt to rise. The expected trading range for today is between 1,280.00 support and 1,305.00 resistance.
