Gold prices continued to decline, breaking below $2450.00 and settling under this level, initiating a bearish correction for the recent bullish wave. The next target is $2410.90, and if this level is broken, further losses could extend to $2390.00 and potentially to $2366.10.
Thus, a bearish bias is anticipated for today. However, if the price breaches $2438.60, the expected decline will halt, and the main bullish trend may resume.
Expected Trend
The expected trading range for today is between $2405.00 support and $2445.00 resistance.
Trend forecast: Bearish
Commenti