The price of gold approached the top of the week at 1344.70 and shows some slight bearishness from there, noting that Stochastic continues to provide positive signals over intraday basis, while SMA 50 continues to carry the price from the bottom.
Therefore, we will keep our bullish and short term outlook intact, waiting for 1357.53 to be tested as a next stop, while breaching this level will extend gold gains to 1375.00 and 1404.00, while stability above 1321.49 is an important requirement for continued bullishness.
The trading range for today is among the support at 1330.00 and resistance at 1357.00
The general trend for today is bullish