Currently, gold prices are exhibiting slight declines, indicating a potential continuation of the anticipated corrective bearish trend. This is driven by stochastic indicators showing negativity, with a projected next main target at $2260.60.
The EMA50 is exerting downward pressure on the price, reinforcing expectations for further declines. These expectations will persist unless there's a rally pushing the price above $2325.90, followed by $2343.00, and maintaining levels above them.
Expected Trend
Today's expected trading range spans from the support level at 2295.00 to the resistance level at 2335.00.
The expected trend for today is bearish.
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