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Gold prices continued their upward trajectory on Tuesday, reaching the $2,520 level. The metal is expected to maintain positive momentum, with a key target of $2,540 in sight. A breakthrough of this level could propel gold prices towards $2,600 in the near term.
For today, the outlook remains bullish. However, if gold prices fall below the $2,500 mark, they may face downward pressure, potentially testing the crucial support level at $2,483 before any further attempts at rising.
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The anticipated trading range for today is between $2,500 as support and $2,540 as resistance.
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Trend Forecast: Bullish
