Gold continues to upward rally

Price soared yesterday given the bullish harmonic Butterfly Bullish pattern is natural influences.Stabilizing above 1272.00 today will be positive and might push the metal to test 1325.42 represented in the second target of the referred to pattern.Relative risk / reward is inappropriate and we will stay on the sidelines today despite rising expectations.

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The trading range for today is expected: Support and Resistance 1270.00 and 1300.00:

The expected trend today:  Bullish