Gold analysis

Gold opened today's trading with positivity, as the price rose and reached the resistance 1846.25, affected by the positivity of the stochastic indicator, which is pressuring the price to rise.

Therefore, the bullish scenario continues over the intermediate period, but on the condition that the resistance level is broken and trading stabilizes above the moving average 50. If this fails, we will return to the decline to the support level 1835.00 and then 1827.20.

The expected trading range for today is between the support 1827.20 and the resistance 1870.00.

Support: 1840.00—1835.00—1827.20.

Resistance: 1856.00—1870.00—1875.00.

The forecast trend for today: bullish.