Gold price has shown a clear upward trend since today's opening, testing the $2400.00 barrier. This reinforces the anticipation of further bullish movement, with the potential for a breakthrough to reach $2431.45 and confirm a continuation of the bullish trend towards $2510.00 as the next significant target.
The EMA50 indicator remains supportive of the upward momentum, with the market organized neatly within a bullish channel as depicted on the chart. It's worth noting that a breach below $2375.00 would halt the anticipated ascent, leading to a test of the key support level at $2325.90 before any subsequent attempts at upward movement.
Expected Trend
Today's expected trading range spans from the support level at 2375.00 to the resistance level at 2425.00.
The expected trend for today is bullish.
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