The (Gold) price rose in its last intraday trading, holding above the critical resistance level at$3,365, to confirm its positive breach for this barrier, amid its trading within a minor bullish channels range on a short-term basis.

This performance is supported by the continuation of its trading above EMA50, which represents a key dynamic support besides the emergence of the positive signals on the (RSI), reinforcing the chances for extending the bullish wave and targeting higher levels in the upcoming sessions.

Therefore, our expectations suggest a rise in (Gold) prices in the upcoming intraday trading, especially if the price settles above $3,365, to target its next resistance at $3,435.

The expected trading range is between $3,330 support and $3,435 resistance.

Todays forecast: Bullish