Gold Price Awaits Positive Catalyst

The price of gold continues to trade within a narrow range, with its current position around $1860.00. This maintains the bullish trend scenario without alterations, with an initial target of $1873.50. It is crucial to note that breaching this level will drive the price towards $1913.15 as the next significant milestone.

Stochastic indicators exhibit positive overlap, further supporting the anticipation of a price increase. This outlook will remain valid unless the price breaks below $1847.50, followed by $1838.35, and subsequently maintains levels below them.

The expected trading range for today is between the support level of $1850.00 and the resistance level of $1880.00.

Anticipated Market Trend: Bullish