Gold prices closed above the $2,394.00 level yesterday, activating a positive scenario and targeting gains starting at $2,450.00 and reaching the high of $2,483.40. This suggests a bullish bias for upcoming sessions.
The bullish trend is supported by moving above the EMA50, though some temporary sideways fluctuations might occur due to stochastic negativity. However, a break below $2,374.10 would halt the positive scenario and likely push the price down to test the $2,324.55 area initially.
Expected Trend
Today's expected trading range is between the $2,395.00 support and $2,435.00 resistance levels.
Trend forecast: Bullish
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