Gold price returns to fluctuate around the resistance line that appears in the chart, and is moving above SMA 50 to get positive support that strengthens expectations for the continuation of the expected bullish direction for the coming period, which aims to visit the level of 1765.00 as a positive station First.
Thus, the positive scenario will remain effective for today, noting that breaching the target level will extend the upside wave to reach 1810.00, while a break of 1721.00 represents a negative factor that will press the price for a temporary decline towards the areas of 1691.90 Before any new attempt to rise.
The expected trading range for today is between 1710.00 support and 1760.00 resistance
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