Gold prices have returned to a decline following a temporary rise yesterday, maintaining the bearish trend on an intraday basis. A break below $2,450.00 is anticipated to confirm a further drop towards the $2,405.00 level.
The continuation of this bearish wave hinges on the price remaining below the historical high of $2,483.40. If this level is breached, it could drive the price to resume the main bullish trend, potentially achieving new gains starting at $2,500.00 and extending to $2,540.00.
Expected Trend
Today's expected trading range is between the $2,440.00 support and $2,475.00 resistance levels.
Trend forecast: Bearish
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