The gold price stabilizes around $2175.00 following yesterday's increase, poised to resume its bullish momentum targeting $2222.86 as the next significant level. Continuous support from the EMA50 and stochastic indicators approaching oversold territories further bolster this positive outlook.
Maintaining levels above $2166.50 is crucial for the anticipated upward movement, with a breach indicating potential for a new bearish correction targeting around $2131.70.
Expected Trend
Today's expected trading range spans from the support level at 2160.00 to the resistance level at 2195.00.
The expected trend for today is bullish.