Gold Price Analysis:
The bullish momentum of gold price has resumed, achieving the anticipated milestone by reaching our second target at $2431.44, marking yet another historic high.
Future Outlook:
With the successful breach of this level, the path is cleared for further upward movement, with new positive targets in sight. The next significant milestone is anticipated to be the $2500.00 mark.
Trend Analysis:
A bullish trend is expected to persist in the coming period. However, it is essential to note that failure to consolidate above $2431.44 may trigger a bearish correction on an intraday basis.
Expected Trading Range:
The anticipated trading range for gold is between the support level of $2420.00 and the resistance level of $2460.00.
In summary, gold’s trajectory remains upward as it eyes the next milestone, with bullish sentiment prevailing. Traders should remain vigilant for potential intraday corrections, especially if consolidation above $2431.44 is not sustained.
