Gold price remains above the $2400.00 barrier, awaiting additional positive momentum to continue its rise and reach our next target of $2450.00. We continue to anticipate a bullish trend for the upcoming period, well-supported by the EMA50.
Maintaining a position above $2392.00 is essential for the continuation of the bullish wave. Falling below this level could prompt a test of the key support base at $2340.10 before any new attempt to rise.
Expected Trend
Today's expected trading range is between the $2395.00 support and $2435.00 resistance.
Trend forecast: Bullish
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