The price of gold has resumed its upward movement, initiating efforts to surpass the $2260.00 level. This reinforces the expectation of a continued bullish trend in the near future, with the next significant target set at $2300.00.
The EMA50 indicator continues to support the upward momentum, but it is important to note that failure to break through current levels could result in a bearish rebound. In such a scenario, the price may retreat towards key support levels at $2222.86 and possibly extend to $2202.00 before attempting another upward movement.
Expected Trend
Today's expected trading range spans from the support level at 2235.00 to the resistance level at 2270.00.
The expected trend for today is bullish.
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