Gold price tests 23.6% Fibonacci correction level, and it might break this level to test the critical support at 1531.75 before any attempt to resume the bullish trend.
Until now, the main bullish scenario remains valid if the price settled above the above mentioned upport, where breaking it will push the price to suffer losses that reach to 1517.25 then 1508.00, while the price needs to breach 1560.00 to confirm the rally towards 1600.00 as a next main station.
The expected trading range for today is between 1535.00 support and 1560.00 resistance.
The expected trend for today: Bullish


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