Strong Momentum On Gold, Buy On Dips

Gold futures succeeded to touch our s-t target at 1540 and shows more bullish bias that supports the expectations of continuing the bullish trend in the upcoming period, and we believe that the way is open to achieve our next target at 1560-1580, to continue suggesting the bullish trend that moves inside the bullish channel that appears on the chart, reminding you that it is important to hold above 1480.00 to achieve the suggested targets.

The expected trading range for this week is between 1480 support and 1550 resistance.

The expected trend : Bullish