Gold prices suffers a sharp downward rebound on Friday evening, dropping nearly $100 to hit $2333.80. This decrease signaled a bearish correction from levels around $1984.16, with the price stopping near the 23.6% Fibonacci correction level. Currently, the price indicates positive trading, hinting at a possible resumption of the primary bullish trend.
Anticipated Scenarios:
Forecasts suggest further positive trading, aiming to surpass $2393.00 initially and potentially reaching $2510.00 as the next significant milestone. A breach below $2325.90 would interrupt the expected ascent, potentially triggering additional bearish correction targeting $2260.60.
Expected Trend
Today's expected trading range spans from the support level at 2345.00 to the resistance level at 2390.00.
The expected trend for today is bullish.
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