Gold analysis for 26.10

Gold price confirmed breaching 1797.00 level after closing the daily candlestick above it, and settling around 1800.00 level, reinforcing the expectations of continuing the bullish trend during the upcoming sessions, which gets good support from the EMA50, and we believe that the way is open to achieve our main positive target at 1825.15.

Stability above 1797.00-1790.00 levels is important for the continuation of the positive trades, as breaking it will pressure the price to turn to the downside on the intraday term to test the 1770.00 level before any new positive attempt.

The expected trading range for today: between the support 1790.00 and the resistance 1825.00

The forecast trend for today: bullish