Overview
The gold price bounced bullishly after testing the bullish trend line yesterday. This reinforces the continuation of our bullish overview for the upcoming period. Stochastic continues providing a positive signal on the four-hour time frame helping the price move towards our main awaited target at 1,400.00. Note that a break of the 1,343.50 level will push the price to test the most important support for the short-term trading at 1,303.58 before any new attempt to rise.
The expected trading range for today is between the 1,343.50 support and the 1,390.00 resistance.
