The gold price demonstrates further positivity as it approaches the anticipated extended target of $2300.00. Operating within a bullish channel strengthens the prospects for additional gains over the long term. The next favorable milestone is projected to reach $2320.00.
The ongoing bullish trend is affirmed and sustained by the EMA50. However, a breach of $2260.00 could pause the bullish momentum, leading to tests around the $2205.70 areas before any renewed upward endeavors.
Expected Trend
Today's expected trading range spans from the support level at 2235.00 to the resistance level at 2270.00.
The expected trend for today is bullish.
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