Gold confirms strong Breakout, aiming 1900

Gold price rallied upwards strongly to breach 1860.00 level and settles above it, to activate the positive scenario and head towards achieving more expected gains in the upcoming period, on its way to test 1900.00 barrier as a next main station.

The EMA50 supports the suggested bullish wave, which will remain valid conditioned by the price stability above 1860.00.

The expected trading range for today is between 1860.00 support and 1900.00 resistance.

The expected trend for today: Bullish