Gold builds a base above the moving average

Stochastic provides us with the required support to motivate the waited upside rally towards more gaining on the intraday and short term basis.

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Gold price was able to build base on EMA50 that creates good support at 1599.00 now, and this supports continuing with the bullish trend that mainly targets attacking the critical resistance level of 1629.00Stochastic provides us with the required support to motivate the waited upside rally towards more gaining on the intraday and short term basis.Expected trading range for today is between: 1599.00 support and 1655.00 resistance.