Gold analysis for 21.10

Gold price continues to rise gradually to approach our awaited target at 1797.00, and obtains continuous support from the EMA50, noting that breaching this level will extend the bullish wave to reach 1825.15 as a next positive station.

The current negativity of the stochastic indicator may cause some temporary sideways fluctuation before resuming the positive trading, to keep the bullish trend likely for the upcoming period unless the 1770.00 level is broken and the price stabilizes below it.

The expected trading range for today: between the support 1770.00 and the resistance 1800.00

The forecast trend for today: bullish