Gold is stuck

The gold price is stuck in a sideways' trading range since the 13rd of this month, this trading range assists the price to gain some positive momentum on the daily basis.

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The gold price is stuck in a sideways' trading range since the 13rd of this month, this trading range assists the price to gain some positive momentum on the daily basis.As long as price is settled above the main upside channel's support line, we will continue with our positive overview on the short term and medium term basis, initially targeting 1800.00 areas followed by attempts to breach above this level to open the way towards the historical highs around 1921.00Stability above 1742.00 is the main key to keep our scenario valid.Expected trading range for this week is between: 1740.00 support and 1820.00 resistance.