Gold bounced strongly from the bottom of 1693 to exceed the pivotal support 1729 and the price of gold shows quiet positive trading to move away from the EMA50, reinforcing expectations of the continuation of the bullish trend in the intraday and short term, waiting for the test of 1754.00 level This and gold succeeded in maintaining the bullish momentum to reach our main target 1744, and it is expected and by maintaining support 1727 the rise will continue to target May 20 levels at 1754.
Return below the aforementioned support will restore attention to further correction to the levels of 1720.
The expected trading range is between support 1729.00 and resistance 1764.00
Expected trend: bullish
