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Gold prices are demonstrating positive momentum, reinforcing expectations for the continuation of the bullish trend throughout the day. The immediate target is set at $2,745.00, with a subsequent target of $2,765.00 following a successful breach of the previous level.
The support from the 50-day Exponential Moving Average (EMA) bolsters the projected bullish wave, which remains intact as long as prices do not fall below $2,700.00 and sustain trading beneath that level.
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Today’s expected trading range is between the support level at $2,715.00 and the resistance level at $2,750.00.
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Trend Forecast: Bullish
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