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Gold prices are currently stabilizing around the $2,630 mark, with expectations for a continuation of the bullish trend within the established upward channel. Analysts anticipate a test of the channel’s resistance at $2,644.65. Should prices breach this level, a move towards $2,660 could follow.
A bullish outlook is favored for today; however, if prices fall below $2,614, this positive trajectory may be disrupted, leading to a bearish correction before a potential rebound.
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Today’s expected trading range is set between the support level at $2,615 and the resistance at $2,650.
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Trend Forecast: Bullish
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