Gold price ended yesterday with clear positivity to confirm breaching 2640.00$ and holding above it again, to reactivate the positive effect of the double bottom pattern and head towards testing 2700.00$ as a first target, supported by moving above the EMA50.
Therefore, we are waiting for more rise in the upcoming sessions, taking into consideration that breaking 2640.00$ will stop the bullish wave and put the price under negative pressure that its targets begin by visiting 2600.00$ barrier.
The expected trading range for today is between 2630.00$ support and 2670.00$ resistance.
Trend forecast: Bullish
Origin: Economies
