Gold price trading stabilizes above the resistance of the descending intraday channel, and obtains good positive support from the moving average 50, awaiting the resumption of the expected bullish wave in the intraday term, which targets the 2043 and 2055 levels as the next station.
Therefore, the bullish trend scenario will remain effective for the coming period, and breaching the aforementioned level will open the way to achieving additional gains up to 2067 - 2089, while breaking 2017 will put the price under negative pressure and open the way for heading towards a downward correction.
The expect range trading for today it will be between resistance line 2067 and support line 2017 until stabilized .
Additionally ,Today News will affect on the market.
support line : 2017 , 2007 resistance line : 2043 , 2055
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thanks for sharing.