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Gold prices are currently showing a mild bearish bias, approaching the first target of $2600.00. A break below this level would likely extend the bearish trend, with the next significant support at $2515.00.
While Stochastic indicators suggest some short-term positivity, potentially slowing the ongoing decline, the bearish outlook remains in play unless the price surpasses $2640.00. A breach of this level would signal a return to a bullish trend, with initial targets including the $2700.00 resistance.
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The expected trading range for today is between $2605.00 on the support side and $2645.00 on the resistance side.
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Trend Outlook: Bearish
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