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The gold price has shown a clear upward movement after testing the primary bullish trend line, as depicted on the chart. This rise is supported by positive signals observed through the stochastic indicator, suggesting further upward momentum in the coming sessions. The next targets are set at $2,450.00, followed by $2,483.40.
Given these indicators, a bullish bias is anticipated for today. However, it’s important to note that breaking the $2,386.00 level will halt the bullish trend and could lead to a decline, with the price potentially testing the $2,324.55 level before any new upward attempts.
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Expected Trading Range for Today:
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Support: $2,390.00
Resistance: $2,435.00
Trend Forecast: Bullish
