The gold price has garnered further positive momentum, nearing our new target of 2200.00. However, it requires additional positive momentum to facilitate further gains in the upcoming period. It's worth noting that surpassing this level will extend the bullish trend, targeting the 2260.00 areas as the next main station.
The EMA50 remains a supportive factor from below, enhancing the likelihood of further upward movement on both intraday and short-term perspectives. Conversely, a breach of 2144.60 would halt the bullish trend and initiate a bearish correction, with initial targets testing the 2115.00 areas.
Expected Trend
Today's expected trading range spans from the support level at 2160.00 to the resistance level at 2200.00.
The expected trend for today is bullish.