Gold prices are showing clear positive momentum, testing the key resistance level at $2,526.00. This suggests a potential shift towards resuming the main bullish trend, diverging from the earlier projected negative scenario. We recommend waiting for a clear confirmation of the price's position relative to this resistance before determining the next move.
If the price breaks through the $2,526.00 resistance, we could see new gains, starting at $2,540.00 and potentially reaching up to the $2,600.00 level. However, if the price remains below this resistance, it could decline towards the $2,483.40 level.
Expected Trend
For today, the expected trading range is between the support at $2,500.00 and the resistance at $2,535.00.
Trend forecast: Neutral
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