Gold resumed its positive trend yesterday, reaching the $2380.00 level, reinforcing expectations of a continued bullish trend. The next targets are $2400.00 and $2450.00. The EMA50 provides support from below, reinforcing the anticipated rise in upcoming sessions.
However, the price needs to gather positive momentum to reach these targets. A break below $2340.10 would halt the expected rise and push the price back into a correctional bearish trend.
Expected Trading Range: $2360.00 (support) to $2400.00 (resistance)
Trend Forecast: Bullish
Comments