The gold price has returned to positive trading and is striving to distance itself from the crucial support level of $2166.50. This movement aims to sustain the anticipated bullish trend for the day, with the EMA50 providing significant support. The next target is set at $2222.86.
Positive overlapping of the Stochastic indicator further strengthens expectations for an upward movement. It's essential to note that the continuity of the bullish trend relies on maintaining price stability above $2166.50.
Expected Trend
Today's expected trading range spans from the support level at 2160.00 to the resistance level at 2190.00.
The expected trend for today is bullish.
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