The price of gold has succeeded in reaching our awaited target at 1320.00 and stabilizes near it, so that the price remains steady within the bullish intraday channel shown on the chart above and the price is getting positive support from the 50 MA to enhance the chances for further gains in the coming period.
Therefore, we expect the uptrend to continue to prevail over the short and short term, which may be preceded by some slight temporary decline before the resumption of the bullish wave, which has the next target at 1350.00, noting that stability above 1295.37 and 1289.00 is an important condition for the continuation of the suggested bullish wave.
The trading range for today is among the key support at 1305.00 and resistance at 1340.00
The general trend for today is bullish