The gold price continues the upward rally to approach 1697 at the 300 angle, and the price moves inside the bullish channels that appear in the image, which supports the chances of achieving a further rise in the intraday and short term, noting that Exceeding the mentioned level will push the price to 1725.50 as the next main station.
Consequently, the upside scenario will remain valid and active during the upcoming sessions supported by the EMA50, noting the importance of stability above 1660.60 to continue the suggested rise.
The expected trading range for today is between 1660.00 support and 1725.00 resistance
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