Canada Global Tv: The gold price will likely head towards a potential test of the support base formed at 1660.00 after breaching it previously, keeping the chances alive for the bullish trend to continue in the following sessions. Gold price has been rising since last Friday as it approaches our anticipated target price of 1686.40.
Because of this, the positive scenario will continue to be in play unless 1660.00 is broken and held below; nevertheless, breaking 1686.40 will cause the price to move toward 1708.55, which is the next positive target.
A trading range between 1655.00 support and 1690.00 resistance is anticipated for today.
