Gold is stable

Gold trading settled in positive bias around 1770.00, to keep the trading within the major upside channel that represents the long term bullish trend. In general, we still running our positive expectations targeting the psychological level at 1800.00 then to move further towards the historical high recorded near 1920.00, noting that a break below 1738.00 will be important reason to turn the intraday and short term trading into the downside.Expected trading range for this week is between: 1738.00 support and 1840.00 resistance.