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Gold prices held steady around $2310.00 on the previous day, showing no significant fluctuations in value. The forecast indicates a continuation of the bearish trend, with a focus on reaching the 38.2% Fibonacci correction level at $2260.60 as the next primary target.
The EMA50 remains a supportive factor for the anticipated bearish movement, maintaining relevance unless there is a breach above $2325.90 and a sustained daily close beyond this level.
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Expected Trading Range
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- Support: $2290.00
- Resistance: $2325.00
Trend Forecast: Bearish
